Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $57.93, for a total value of $86,895.00. Following the transaction, the senior vice president directly owned 64,447 shares of the company’s stock, valued at approximately $3,733,414.71. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Friday, May 15th, Marie Mendoza sold 1,013 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $53.49, for a total value of $54,185.37.
• On Wednesday, April 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $75.69, for a total value of $113,535.00.

Kratos Defense & Security Solutions Stock Down 0.3%

KTOS stock traded down $0.18 on Wednesday, reaching $56.16. 3,115,352 shares of the company traded hands, compared to its average volume of 4,361,619. Kratos Defense & Security Solutions, Inc. has a one year low of $39.00 and a one year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The company has a market cap of $10.53 billion, a P/E ratio of 330.35 and a beta of 1.04. The firm has a fifty day simple moving average of $61.58 and a 200-day simple moving average of $79.77.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

KTOS has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Piper Sandler cut their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Jefferies Financial Group set a $80.00 target price on Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Finally, BNP Paribas Exane increased their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.35.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after buying an additional 148,622 shares during the last quarter. Morgan Stanley boosted its stake in shares of Kratos Defense & Security Solutions by 3.9% in the 4th quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock worth $251,345,000 after buying an additional 124,607 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of 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 buying an additional 698,778 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Kratos Defense & Security Solutions by 7.4% in the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after buying an additional 209,189 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of 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 buying an additional 2,525,921 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.