Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Sells $48,500.00 in Stock

Key Points

• Kratos SVP Marie Mendoza sold 1,000 shares at $48.50 each for $48,500 under a pre-arranged Rule 10b5-1 trading plan, reducing her holdings by 1.61% to 61,200 shares.
• KTOS shares traded at $47.66, near the lower end of their 52-week range, while the company reported quarterly EPS of $0.21 versus the $0.14 consensus and revenue growth of 30.5% year over year.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $98.06, and institutional investors own approximately 75.92% of the company.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $48.50, for a total value of $48,500.00. Following the sale, the senior vice president owned 61,200 shares of the company's stock, valued at $2,968,200. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 Monday, August 17th, Marie Mendoza sold 1,513 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $64.37, for a total transaction of $97,391.81.

Kratos Defense & Security Solutions Trading Up 0.1%

KTOS stock traded up $0.07 during midday trading on Thursday, reaching $47.66. 3,627,657 shares of the company's stock traded hands, compared to its average volume of 3,128,479. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $43.09 and a fifty-two week high of $134.00. The business has a 50-day moving average price of $51.76 and a two-hundred day moving average price of $60.76. The company has a market capitalization of $8.95 billion, a P/E ratio of 280.35 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The business's quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KTOS shares. Cantor Fitzgerald decreased their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, August 4th. Jefferies Financial Group set a $105.00 target price on Kratos Defense & Security Solutions in a report on Wednesday, August 5th. Piper Sandler upgraded Kratos Defense & Security Solutions from a "neutral" rating to an "overweight" rating and set a $75.00 target price for the company in a research report on Wednesday, August 5th. Stifel Nicolaus decreased their price target on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group lowered their price target on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a "buy" rating on the stock in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and an average target price of $98.06.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company's stock valued at $337,565,000 after buying an additional 148,622 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Kratos Defense & Security Solutions by 48.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,458,084 shares of the aerospace company's stock worth $110,683,000 after purchasing an additional 476,049 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Kratos Defense & Security Solutions by 12.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,515,997 shares of the aerospace company's stock worth $106,893,000 after purchasing an additional 164,607 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 66.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,525 shares of the aerospace company's stock valued at $106,162,000 after purchasing an additional 556,036 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $104,807,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.

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