Eric M. Demarco Sells 10,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) CEO Eric M. Demarco sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $13.90, for a total transaction of $139,000.00. Following the completion of the sale, the chief executive officer now owns 524,698 shares of the company’s stock, valued at $7,293,302.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ KTOS traded down $0.44 during midday trading on Friday, reaching $13.90. 1,371,585 shares of the company were exchanged, compared to its average volume of 1,198,095. The stock’s 50-day moving average price is $17.60 and its 200-day moving average price is $18.50. The stock has a market cap of $1.74 billion, a P/E ratio of -92.67 and a beta of 0.80. Kratos Defense & Security Solutions, Inc. has a one year low of $12.54 and a one year high of $30.29. The company has a quick ratio of 3.01, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The aerospace company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Kratos Defense & Security Solutions had a negative net margin of 2.43% and a positive return on equity of 2.05%. The company had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $197.21 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.22 EPS for the current year.

KTOS has been the subject of a number of analyst reports. Robert W. Baird upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Thursday, May 12th. Truist Financial dropped their price target on shares of Kratos Defense & Security Solutions from $21.00 to $17.00 in a research report on Wednesday, February 23rd. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 13th. Canaccord Genuity Group lowered their price objective on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research report on Wednesday, February 23rd. Finally, Berenberg Bank initiated 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 price objective for the company. Three 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 company presently has an average rating of “Buy” and a consensus target price of $24.89.

Several institutional investors have recently modified their holdings of KTOS. Marshall Wace LLP bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $35,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $81,000. Morgan Stanley boosted its position in Kratos Defense & Security Solutions by 84.2% during the second quarter. Morgan Stanley now owns 1,156,806 shares of the aerospace company’s stock valued at $32,957,000 after acquiring an additional 528,714 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Kratos Defense & Security Solutions by 16.5% during the third quarter. Advisor Group Holdings Inc. now owns 19,246 shares of the aerospace company’s stock valued at $431,000 after acquiring an additional 2,732 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Kratos Defense & Security Solutions by 24.8% during the third quarter. Teacher Retirement System of Texas now owns 19,903 shares of the aerospace company’s stock valued at $444,000 after acquiring an additional 3,951 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions (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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