Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the transaction, the senior vice president now owns 67,030 shares in the company, valued at approximately $1,218,605.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marie Mendoza also recently made the following trade(s):

• On Friday, March 15th, Marie Mendoza sold 1,038 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $17.21, for a total transaction of $17,863.98.
• On Monday, March 4th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00.

Kratos Defense & Security Solutions Trading Up 2.3 %

KTOS opened at $18.02 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $21.60. The company’s 50-day moving average is $18.31 and its 200 day moving average is $18.32.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The business had revenue of $273.80 million during the quarter, compared to the consensus estimate of $253.39 million. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in KTOS. JPMorgan Chase & Co. grew its position in Kratos Defense & Security Solutions by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after purchasing an additional 29,108 shares in the last quarter. Raymond James & Associates grew its position in Kratos Defense & Security Solutions by 36.0% in the 1st quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after purchasing an additional 27,379 shares in the last quarter. Bank of New York Mellon Corp grew its position in Kratos Defense & Security Solutions by 32.4% in the 1st quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after purchasing an additional 190,343 shares in the last quarter. MetLife Investment Management LLC grew its position in Kratos Defense & Security Solutions by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after purchasing an additional 22,960 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Kratos Defense & Security Solutions by 3.2% during the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock valued at $196,054,000 after acquiring an additional 294,143 shares during the period. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KTOS. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Jefferies Financial Group dropped their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Benchmark upped their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.14.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.