Steven S. Fendley Sells 10,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $36.74, for a total value of $367,400.00. Following the transaction, the insider now owns 367,502 shares in the company, valued at $13,502,023.48. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Up 2.8%

Shares of NASDAQ:KTOS traded up $1.05 on Tuesday, hitting $39.09. 2,714,224 shares of the company traded hands, compared to its average volume of 1,704,213. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $39.91. The company has a market cap of $6.00 billion, a PE ratio of 390.94 and a beta of 1.03. The stock has a 50 day simple moving average of $33.62 and a 200-day simple moving average of $30.62.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the stock. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at $29,000. Aspect Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after buying an additional 700 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Benchmark upped their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada upped their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average target price of $36.75.

About Kratos Defense & Security Solutions

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.