Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Benjamin M. Goodwin Sells 1,476 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) SVP Benjamin M. Goodwin sold 1,476 shares of the stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $19.03, for a total transaction of $28,088.28. Following the completion of the transaction, the senior vice president now owns 19,494 shares in the company, valued at approximately $370,970.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions stock traded down $0.76 during mid-day trading on Wednesday, hitting $18.42. The company had a trading volume of 438,763 shares, compared to its average volume of 1,218,445. The company has a current ratio of 3.43, a quick ratio of 3.01 and a debt-to-equity ratio of 0.31. Kratos Defense & Security Solutions, Inc. has a 12-month low of $14.93 and a 12-month high of $30.29. The company’s fifty day moving average is $19.19 and its 200-day moving average is $19.63. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -921.00 and a beta of 0.64.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The aerospace company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Kratos Defense & Security Solutions had a positive return on equity of 2.26% and a negative net margin of 0.25%. The business had revenue of $211.60 million for the quarter, compared to analyst estimates of $208.40 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.13 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $21.00 in a report on Wednesday, January 12th. Truist Financial cut their price target on shares of Kratos Defense & Security Solutions from $21.00 to $17.00 in a report on Wednesday, February 23rd. StockNews.com assumed coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Canaccord Genuity Group cut their price target on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a report on Wednesday, February 23rd. Finally, Berenberg Bank initiated coverage on shares of Kratos Defense & Security Solutions in a report on Friday, January 21st. They issued a “buy” rating and a $23.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.00.

Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd lifted its position in shares of Kratos Defense & Security Solutions by 428.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock valued at $25,000 after buying an additional 1,062 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at approximately $35,000. Public Employees Retirement System of Ohio lifted its position in shares of Kratos Defense & Security Solutions by 52.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,823 shares of the aerospace company’s stock valued at $35,000 after buying an additional 629 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $39,000. Finally, Close Asset Management Ltd lifted its position in shares of Kratos Defense & Security Solutions by 41,900.0% during the 3rd quarter. Close Asset Management Ltd now owns 2,100 shares of the aerospace company’s stock valued at $47,000 after buying an additional 2,095 shares in the last quarter. Hedge funds and other institutional investors own 85.93% of the company’s stock.

Kratos Defense & Security Solutions Company Profile (Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

Further Reading

Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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