Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Steven S. Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $17.80, for a total transaction of $124,600.00. Following the completion of the sale, the insider now directly owns 419,821 shares in the company, valued at approximately $7,472,813.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Up 1.9 %

NASDAQ:KTOS opened at $18.13 on Thursday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $21.60. The stock has a market capitalization of $2.70 billion, a P/E ratio of -302.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The company’s 50-day simple moving average is $18.18 and its 200-day simple moving average is $17.97.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to analysts’ expectations of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group increased their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Benchmark increased their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.33.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors raised its position in Kratos Defense & Security Solutions by 1.3% during the 4th quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company’s stock worth $1,158,000 after buying an additional 743 shares during the last quarter. Arizona State Retirement System raised its position in Kratos Defense & Security Solutions by 2.1% during the 3rd quarter. Arizona State Retirement System now owns 36,332 shares of the aerospace company’s stock worth $546,000 after buying an additional 751 shares during the last quarter. Bessemer Group Inc. raised its position in Kratos Defense & Security Solutions by 43.0% during the 2nd quarter. Bessemer Group Inc. now owns 2,507 shares of the aerospace company’s stock worth $36,000 after buying an additional 754 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Kratos Defense & Security Solutions by 6.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock worth $201,000 after buying an additional 808 shares during the last quarter. Finally, American International Group Inc. raised its position in Kratos Defense & Security Solutions by 1.4% during the 4th quarter. American International Group Inc. now owns 63,414 shares of the aerospace company’s stock worth $1,287,000 after buying an additional 860 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.