Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 14,000 Shares of Company Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 14,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, November 13th. The shares were sold at an average price of $33.85, for a total transaction of $473,900.00. Following the completion of the sale, the insider owned 274,176 shares in the company, valued at approximately $9,280,857.60. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded down $0.84 on Friday, reaching $33.91. 5,000,241 shares of the company were exchanged, compared to its average volume of 4,812,484. Kratos Defense & Security Solutions, Inc. has a 1 year low of $31.57 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.87 and a current ratio of 5.42. The business has a 50-day moving average price of $42.11 and a 200 day moving average price of $60.59. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 282.58 and a beta of 1.18.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, November 5th. The aerospace company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.34% and a return on equity of 3.18%. The firm had revenue of $471.80 million for the quarter, compared to analyst estimates of $471.40 million. During the same period last year, the company posted $0.14 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 35.7% compared to the same quarter last year. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in shares of Kratos Defense & Security Solutions by 61.9% in the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 266 shares during the last quarter. Vision Retirement LLC boosted its stake in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the last quarter. Ranch Capital Advisors Inc. increased its position in Kratos Defense & Security Solutions by 5.1% during the 1st quarter. Ranch Capital Advisors Inc. now owns 6,553 shares of the aerospace company’s stock worth $462,000 after purchasing an additional 318 shares in the last quarter. Insigneo Advisory Services LLC increased its position in Kratos Defense & Security Solutions by 6.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 5,582 shares of the aerospace company’s stock worth $238,000 after purchasing an additional 360 shares in the last quarter. Finally, Provenance Wealth Advisors LLC raised its stake in Kratos Defense & Security Solutions by 128.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 744 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 419 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group decreased their target price on Kratos Defense & Security Solutions from $60.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, November 9th. The Goldman Sachs Group lowered their price target on Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Truist Financial dropped their price target on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Rothschild & Co Redburn began coverage on Kratos Defense & Security Solutions in a research note on Tuesday, October 6th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Citizens Jmp decreased their price objective on Kratos Defense & Security Solutions from $105.00 to $70.00 and set a “market outperform” rating on the stock in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.40.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions is a defense technology company that develops products and services for U.S. government agencies, national security organizations, and allied governments. Its work spans unmanned systems, satellite communications, microwave electronics, command-and-control systems, and training and simulation. The company’s offerings include unmanned aerial vehicles and target drones, as well as systems and components used in space and satellite communications and other defense applications.