Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Sells $136,500.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Rating) CEO Eric M. Demarco sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $13.65, for a total transaction of $136,500.00. Following the completion of the transaction, the chief executive officer now owns 596,576 shares in the company, valued at approximately $8,143,262.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NASDAQ:KTOS opened at $13.54 on Thursday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.54 and a fifty-two week high of $30.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.72. The business has a 50 day moving average price of $15.02 and a 200-day moving average price of $17.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The aerospace company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $196.20 million during the quarter, compared to analyst estimates of $197.21 million. Kratos Defense & Security Solutions had a positive return on equity of 2.05% and a negative net margin of 2.43%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.22 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd lifted its stake in Kratos Defense & Security Solutions by 428.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,062 shares during the period. Parkside Financial Bank & Trust lifted its stake in Kratos Defense & Security Solutions by 100.0% in the first quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 1,000 shares during the period. Stephens Inc. AR lifted its stake in Kratos Defense & Security Solutions by 38.8% in the first quarter. Stephens Inc. AR now owns 2,306 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 645 shares during the period. FourThought Financial LLC lifted its stake in Kratos Defense & Security Solutions by 103.9% in the first quarter. FourThought Financial LLC now owns 3,108 shares of the aerospace company’s stock worth $64,000 after acquiring an additional 1,584 shares during the period. Finally, Widmann Financial Services Inc. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $123,000. 85.47% of the stock is owned by institutional investors.

A number of analysts have commented on KTOS shares. Canaccord Genuity Group decreased their price target on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research note on Wednesday, February 23rd. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Sunday, May 29th. Robert W. Baird upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Thursday, May 12th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, May 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.22.

Kratos Defense & Security Solutions Company Profile (Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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