Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Steven S. Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $16.34, for a total transaction of $114,380.00. Following the completion of the transaction, the insider now owns 358,269 shares in the company, valued at $5,854,115.46. The sale was disclosed in a filing with the SEC, which is available through this link.

NASDAQ:KTOS opened at $15.48 on Thursday. The company’s 50-day moving average price is $19.12 and its 200-day moving average price is $19.43. The company has a current ratio of 3.43, a quick ratio of 3.01 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.93 billion, a P/E ratio of -774.00 and a beta of 0.64. Kratos Defense & Security Solutions, Inc. has a twelve month low of $14.93 and a twelve month high of $30.29.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last issued its earnings results on Tuesday, February 22nd. The aerospace company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Kratos Defense & Security Solutions had a negative net margin of 0.25% and a positive return on equity of 2.26%. The company had revenue of $211.60 million for the quarter, compared to the consensus estimate of $208.40 million. During the same period in the previous year, the firm earned $0.04 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.13 earnings per share for the current year.

KTOS has been the subject of several research reports. Canaccord Genuity Group lowered their price target on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research report on Wednesday, February 23rd. Berenberg Bank started coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, January 21st. They set a “buy” rating and a $23.00 target price for the company. StockNews.com initiated coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, March 31st. They issued a “hold” rating for the company. Truist Financial cut their price objective on shares of Kratos Defense & Security Solutions from $21.00 to $17.00 in a research note on Wednesday, February 23rd. Finally, The Goldman Sachs Group lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $30.00 to $21.00 in a research note on Wednesday, January 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.00.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in shares of Kratos Defense & Security Solutions by 5.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,806 shares of the aerospace company’s stock valued at $210,000 after acquiring an additional 602 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Kratos Defense & Security Solutions by 52.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,823 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 629 shares during the last quarter. Maryland Capital Management increased its position in shares of Kratos Defense & Security Solutions by 4.9% during the third quarter. Maryland Capital Management now owns 20,547 shares of the aerospace company’s stock valued at $458,000 after acquiring an additional 959 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Kratos Defense & Security Solutions by 0.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 209,954 shares of the aerospace company’s stock valued at $4,073,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its position in shares of Kratos Defense & Security Solutions by 428.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,062 shares during the last quarter. Institutional investors and hedge funds 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.

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