Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $473,900.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $33.85, for a total transaction of $473,900.00. Following the completion of the sale, the insider owned 274,176 shares in the company, valued at $9,280,857.60. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded down $0.84 during trading hours on Friday, reaching $33.91. The company had a trading volume of 5,000,241 shares, compared to its average volume of 4,812,484. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 64.35 and a beta of 1.18. The company has a current ratio of 5.42, a quick ratio of 4.87 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average price is $42.11 and its 200-day moving average price is $60.59. Kratos Defense & Security Solutions, Inc. has a 52 week low of $31.57 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 5th. The aerospace company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $471.80 million for the quarter, compared to analysts’ expectations of $471.40 million. Kratos Defense & Security Solutions had a return on equity of 3.18% and a net margin of 1.34%. The company’s revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KTOS. BNP Paribas Exane upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 8th. Rothschild & Co Redburn initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 6th. They set a “buy” rating and a $70.00 price target for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Monday. The Goldman Sachs Group dropped their price objective on shares of Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Finally, UBS Group cut their target price on shares of Kratos Defense & Security Solutions from $60.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.40.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc increased its position in Kratos Defense & Security Solutions by 61.9% during the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 266 shares during the last quarter. Vision Retirement LLC raised its stake in shares of Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Ranch Capital Advisors Inc. raised its stake in shares of Kratos Defense & Security Solutions by 5.1% in the first quarter. Ranch Capital Advisors Inc. now owns 6,553 shares of the aerospace company’s stock valued at $462,000 after acquiring an additional 318 shares during the period. Insigneo Advisory Services LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 6.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,582 shares of the aerospace company’s stock worth $238,000 after acquiring an additional 360 shares during the last quarter. Finally, Provenance Wealth Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 128.9% during the third quarter. Provenance Wealth Advisors LLC now owns 744 shares of the aerospace company’s stock valued at $32,000 after buying an additional 419 shares during the period. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions is a defense technology company that develops products and services for U.S. government agencies, national security organizations, and allied governments. Its work spans unmanned systems, satellite communications, microwave electronics, command-and-control systems, and training and simulation. The company’s offerings include unmanned aerial vehicles and target drones, as well as systems and components used in space and satellite communications and other defense applications.