Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Gap Up to $12.87

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $12.87, but opened at $13.97. Kratos Defense & Security Solutions shares last traded at $12.97, with a volume of 8,044 shares trading hands.

Several brokerages have commented on KTOS. Canaccord Genuity Group dropped their price target on shares of Kratos Defense & Security Solutions from $28.00 to $26.00 in a research note on Wednesday, February 23rd. Berenberg Bank began coverage on shares of Kratos Defense & Security Solutions in a research note on Friday, January 21st. They issued a “buy” rating and a $23.00 price target on the stock. Robert W. Baird upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Thursday. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday. Finally, Truist Financial decreased their price objective on Kratos Defense & Security Solutions from $21.00 to $17.00 in a report on Wednesday, February 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Buy” and an average target price of $24.89.

The company has a quick ratio of 3.01, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $18.16 and a two-hundred day moving average of $18.78. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -87.73 and a beta of 0.80.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The aerospace company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Kratos Defense & Security Solutions had a positive return on equity of 2.05% and a negative net margin of 2.43%. The firm had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.21 million. During the same period last year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.13 earnings per share for the current fiscal year.

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 9,525 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $18.36, for a total value of $174,879.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,381 shares of the stock in a transaction on Friday, April 8th. The stock was sold at an average price of $20.41, for a total value of $28,186.21. Following the completion of the transaction, the senior vice president now owns 38,387 shares of the company’s stock, valued at approximately $783,478.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,778 shares of company stock valued at $2,139,302. Corporate insiders own 1.83% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd raised its position in Kratos Defense & Security Solutions by 428.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,310 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,062 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $35,000. Public Employees Retirement System of Ohio raised its stake in shares of Kratos Defense & Security Solutions by 52.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,823 shares of the aerospace company’s stock worth $35,000 after buying an additional 629 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $39,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Kratos Defense & Security Solutions Company Profile (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

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