Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Sells $113,535.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $75.69, for a total value of $113,535.00. Following the completion of the transaction, the senior vice president directly owned 66,656 shares in the company, valued at $5,045,192.64. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $88.97, for a total value of $134,878.52.
• On Tuesday, February 17th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $88.08, for a total value of $132,120.00.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $70.99 on Monday. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 546.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The stock’s 50-day simple moving average is $83.70 and its two-hundred day simple moving average is $87.15. Kratos Defense & Security Solutions, Inc. has a 52-week low of $31.48 and a 52-week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $345.10 million for the quarter, compared to analysts’ expectations of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after purchasing an additional 2,525,921 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Kratos Defense & Security Solutions by 7,701.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock worth $120,966,000 after purchasing an additional 1,573,123 shares in the last quarter. Norges Bank purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $104,807,000. Westfield Capital Management Co. LP purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $91,901,000. Finally, First Trust Advisors LP lifted its holdings in Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after purchasing an additional 698,778 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on KTOS. Citizens Jmp raised their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. The Goldman Sachs Group lifted their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, B. Riley Financial lifted their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.28.

Kratos Defense & Security Solutions Company Profile

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.