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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $76.57, for a total value of $535,990.00. Following the completion of the transaction, the insider owned 318,435 shares in the company, valued at $24,382,567.95. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $75.91 on Friday. The stock has a fifty day moving average price of $77.57 and a 200 day moving average price of $70.50. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $112.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The company has a market cap of $12.82 billion, a PE ratio of 583.97 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. During the same period in the previous year, the company posted $0.11 EPS. Kratos Defense & Security Solutions’s revenue was up 26.0% compared to the same quarter last year. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in Kratos Defense & Security Solutions during the third quarter worth $32,000. Caitlin John LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth about $32,000. Whittier Trust Co. purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth about $38,000. Accredited Wealth Management LLC grew its stake in Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in Kratos Defense & Security Solutions by 142.7% during the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KTOS has been the topic of a number of analyst reports. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Truist Financial lifted their price target on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. BTIG Research upped their price objective on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group raised their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.