Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Scott Anderson Sells 15,401 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scott Anderson sold 15,401 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $74.51, for a total value of $1,147,528.51. Following the completion of the transaction, the director owned 66,334 shares in the company, valued at approximately $4,942,546.34. The trade was a 18.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $71.65 on Thursday. The business has a 50 day simple moving average of $80.47 and a 200-day simple moving average of $67.83. The company has a market capitalization of $12.10 billion, a P/E ratio of 552.79 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a twelve month low of $23.90 and a twelve month high of $112.57. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same quarter last year, the company posted $0.11 earnings per share. The business’s revenue was up 26.0% on a year-over-year basis. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KTOS. Bayforest Capital Ltd purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at $32,000. Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth about $32,000. Whittier Trust Co. purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $38,000. Accredited Wealth Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the last quarter. Finally, CI Investments Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 142.7% during the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 254 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $72.00 to $105.00 in a research report on Wednesday, October 8th. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 target price for the company. Canaccord Genuity Group boosted their price target on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $82.06.

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.