Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Down 5.2% Following Insider Selling

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Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) were down 5.2% on Thursday following insider selling activity. The company traded as low as $18.31 and last traded at $18.44, approximately 1,144,900 shares traded hands during trading. A decline of 6% from the average daily volume of 1,220,200 shares. The stock had previously closed at $19.45.

Specifically, insider David M. Carter sold 14,720 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $19.80, for a total value of $291,456.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Deanna H. Lund sold 7,803 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, October 21st. The shares were sold at an average price of $19.30, for a total transaction of $150,597.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,689 shares of company stock worth $7,894,525. 15.54% of the stock is owned by insiders.

A number of brokerages have recently commented on KTOS. ValuEngine cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Noble Financial upgraded shares of Kratos Defense & Security Solutions from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a report on Wednesday, October 2nd. Canaccord Genuity set a $28.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, October 11th. Robert W. Baird set a $25.00 target price on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Monday, September 23rd. Finally, Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $26.00 in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $23.75.

The company has a market cap of $2.12 billion, a P/E ratio of 108.47, a PEG ratio of 10.86 and a beta of 1.26. The stock’s 50 day moving average is $19.04 and its 200-day moving average is $20.49. The company has a current ratio of 2.84, a quick ratio of 2.47 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $184.32 million. Kratos Defense & Security Solutions had a net margin of 2.04% and a return on equity of 4.54%. Kratos Defense & Security Solutions’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc will post 0.25 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $25,000. Usca Ria LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $28,000. Marshall Wace LLP purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $35,000. Bartlett & Co. LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $56,000. Finally, Truvestments Capital LLC increased its position in shares of Kratos Defense & Security Solutions by 570.0% during the 3rd quarter. Truvestments Capital LLC now owns 3,350 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 2,850 shares during the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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