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 the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $47.13, for a total value of $329,910.00. Following the completion of the transaction, the insider owned 295,120 shares in the company, valued at $13,909,005.60. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 5.2%

Shares of Kratos Defense & Security Solutions stock opened at $46.17 on Friday. The business has a fifty day simple moving average of $52.97 and a 200 day simple moving average of $73.13. The stock has a market cap of $8.66 billion, a PE ratio of 271.59 and a beta of 1.07. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12 month low of $43.09 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. Citizens Jmp decreased their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Piper Sandler reduced their price target on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday. Finally, Wedbush started coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.29.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $25,000. Atlantic Union Bankshares Corp raised its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the period. Vision Retirement LLC lifted its position in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $31,000. 75.92% of the stock is owned by institutional investors.

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.