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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $21.97, for a total transaction of $153,790.00. Following the completion of the transaction, the insider now owns 391,160 shares in the company, valued at approximately $8,593,785.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Up 0.6 %

KTOS opened at $21.74 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $22.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47. The company’s 50-day moving average is $19.11 and its 200 day moving average is $18.95. The firm has a market capitalization of $3.26 billion, a P/E ratio of 83.15 and a beta of 0.81.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $277.20 million for the quarter, compared to the consensus estimate of $250.48 million. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The company’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. 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. Jefferies Financial Group cut their price target on 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. JMP Securities began coverage on Kratos Defense & Security Solutions in a report on Tuesday. They issued a “market outperform” rating and a $27.00 target price on the stock. Finally, Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.38.

Get Our Latest Analysis on KTOS

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $1,628,000. Dimensional Fund Advisors LP increased its holdings in Kratos Defense & Security Solutions by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock worth $80,978,000 after acquiring an additional 195,615 shares during the last quarter. FMR LLC lifted its holdings in Kratos Defense & Security Solutions by 56.4% during the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after purchasing an additional 1,091,380 shares during the last quarter. Profit Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $2,608,000. Finally, Raymond James & Associates raised its position in shares of Kratos Defense & Security Solutions by 54.6% in the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock valued at $3,817,000 after purchasing an additional 66,442 shares during the period. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

(Get Free Report)

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.

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

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