Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Sells $27,270.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was 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 directly owns 67,030 shares in the company, valued at $1,218,605.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 stock was 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 stock was sold at an average price of $18.05, for a total transaction of $27,075.00.

Kratos Defense & Security Solutions Stock Up 0.7 %

KTOS traded up $0.12 during trading on Wednesday, reaching $17.75. The stock had a trading volume of 707,767 shares, compared to its average volume of 1,330,227. The stock’s 50 day moving average is $18.31 and its two-hundred day moving average is $18.33. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -295.78 and a beta of 0.80. Kratos Defense & Security Solutions, Inc. has a one year low of $12.12 and a one year high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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. The business had revenue of $273.80 million during the quarter, compared to the consensus estimate of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. TFO Wealth Partners LLC increased its holdings in shares of 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 in the last quarter. NBC Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at $33,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Kratos Defense & Security Solutions by 100.9% during the first quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the aerospace company’s stock valued at $40,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Kratos Defense & Security Solutions by 100.0% during the first quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KTOS has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. 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. 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 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. Finally, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $21.14.

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.