Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $322,420.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $46.06, for a total transaction of $322,420.00. Following the transaction, the insider owned 360,475 shares of the company's stock, valued at $16,603,478.50. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Trading Up 0.5%

Shares of NASDAQ KTOS traded up $0.21 during mid-day trading on Wednesday, hitting $43.28. The stock had a trading volume of 4,807,659 shares, compared to its average volume of 2,001,205. The business has a 50 day moving average price of $38.15 and a two-hundred day moving average price of $32.82. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $47.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The firm has a market cap of $6.64 billion, a P/E ratio of 332.95 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KTOS. Costello Asset Management INC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $29,000. Aspect Partners LLC raised its stake in Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after buying an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $30,000. Larson Financial Group LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Monday. Stifel Nicolaus initiated coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, June 24th. They issued a "buy" rating and a $52.00 target price for the company. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target on the stock in a report on Monday. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Noble Financial lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $43.55.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.

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