Marie Mendoza Sells 1,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the sale, the senior vice president now directly owns 67,030 shares in the company, valued at approximately $1,218,605.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $17.75 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. The firm has a fifty day simple moving average of $18.31 and a two-hundred day simple moving average of $18.33. Kratos Defense & Security Solutions, Inc. has a twelve month low of $12.12 and a twelve month high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $273.80 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of KTOS. Loomis Sayles & Co. L P bought a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $36,937,000. Norges Bank bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $12,760,000. State Street Corp raised its stake in Kratos Defense & Security Solutions by 25.6% in the first quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock worth $113,900,000 after buying an additional 1,134,464 shares in the last quarter. FMR LLC raised its stake in Kratos Defense & Security Solutions by 56.4% in the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after buying an additional 1,091,380 shares in the last quarter. Finally, Cooper Creek Partners Management LLC raised its stake in Kratos Defense & Security Solutions by 74.2% in the third quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company’s stock worth $36,247,000 after buying an additional 1,027,715 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on KTOS shares. The Goldman Sachs Group boosted their price target on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Jefferies Financial Group reduced their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $23.00 price target on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Benchmark upped 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 research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.14.

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.