Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $101,283.53 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,419 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the transaction, the senior vice president now owns 67,488 shares in the company, valued at approximately $2,825,722.56. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $43.11 on Friday. The firm’s fifty day moving average is $36.47 and its two-hundred day moving average is $31.93. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $44.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The company has a market cap of $6.61 billion, a P/E ratio of 331.64 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of analyst reports. Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Royal Bank Of Canada lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, Noble Financial lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

Institutional Trading of Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in the business. Voya Investment Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 129.2% in the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock worth $64,226,000 after buying an additional 1,219,585 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Kratos Defense & Security Solutions by 63.2% in the 1st quarter. Rhumbline Advisers now owns 360,665 shares of the aerospace company’s stock worth $10,708,000 after buying an additional 139,725 shares during the last quarter. Strs Ohio bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $374,000. Belpointe Asset Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $517,000. Finally, Intech Investment Management LLC grew its holdings in Kratos Defense & Security Solutions by 29.5% during the 1st quarter. Intech Investment Management LLC now owns 80,761 shares of the aerospace company’s stock valued at $2,398,000 after purchasing an additional 18,405 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.