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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $18.76, for a total transaction of $131,320.00. Following the completion of the transaction, the insider now directly owns 423,098 shares in the company, valued at approximately $7,937,318.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Trading Down 0.5 %

Kratos Defense & Security Solutions stock opened at $18.09 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions, Inc. has a 1 year low of $12.12 and a 1 year high of $21.60. The firm’s 50 day moving average price is $17.98 and its 200-day moving average price is $18.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $273.80 million for the quarter, compared to analysts’ expectations of $253.39 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. TFO Wealth Partners LLC increased its position in Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions during the first quarter valued at $33,000. Headlands Technologies LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at $47,000. Finally, Gables Capital Management Inc. increased its position in Kratos Defense & Security Solutions by 87.5% during the fourth quarter. Gables Capital Management Inc. now owns 3,000 shares of the aerospace company’s stock valued at $61,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. The Goldman Sachs Group lifted their price target 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. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. Finally, Truist Financial lifted their price target 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. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $22.14.

About Kratos Defense & Security Solutions

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.