Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 2,419 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 2,419 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total value of $101,283.53. Following the transaction, the senior vice president now owns 67,488 shares of the company's stock, valued at $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Down 2.5%

NASDAQ KTOS traded down $1.07 during trading on Wednesday, hitting $42.16. The stock had a trading volume of 3,116,397 shares, compared to its average volume of 1,788,727. The company has a market capitalization of $6.47 billion, a PE ratio of 123.51 and a beta of 0.99. The company's 50-day moving average price is $36.06 and its two-hundred day moving average price is $31.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $44.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The company had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business's revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Benchmark boosted their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada boosted their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus target price of $38.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Costello Asset Management INC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $29,000. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $30,000. Aspect Partners LLC increased its holdings 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 acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 worth $31,000 after acquiring an additional 700 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.

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