Marie Mendoza Sells 2,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 2,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $50.97, for a total transaction of $101,940.00. Following the completion of the transaction, the senior vice president owned 65,535 shares in the company, valued at approximately $3,340,318.95. The trade was a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Marie Mendoza also recently made the following trade(s):

• On Monday, June 16th, Marie Mendoza sold 2,419 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock traded up $0.21 on Friday, reaching $59.12. 8,050,955 shares of the company traded hands, compared to its average volume of 2,200,868. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $61.33. The company has a 50 day moving average of $41.28 and a 200 day moving average of $34.52. The firm has a market capitalization of $9.07 billion, a PE ratio of 454.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million for the quarter, compared to analysts' expectations 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 was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a research report on Monday, June 30th. JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 30th. 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, Stifel Nicolaus set a $54.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.25.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 129.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company's stock worth $41,000 after purchasing an additional 503 shares in the last quarter. Costello Asset Management INC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth approximately $29,000. Larson Financial Group LLC bought a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth $30,000. Aspect Partners LLC raised its position 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 valued at $30,000 after buying an additional 950 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $30,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.