Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 2,423 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 2,423 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total value of $60,575.00. Following the completion of the transaction, the senior vice president now directly owns 59,453 shares in the company, valued at $1,486,325. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 16th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $22.12, for a total value of $29,972.60.
• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85.

Kratos Defense & Security Solutions Stock Down 1.7 %

Kratos Defense & Security Solutions stock opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The stock has a market cap of $3.71 billion, a PE ratio of 72.81 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $14.58 and a fifty-two week high of $25.51. The firm’s 50-day simple moving average is $22.07 and its 200 day simple moving average is $20.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. During the same period last year, the business posted $0.05 earnings per share. Kratos Defense & Security Solutions’s revenue was up 16.8% on a year-over-year basis. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after purchasing an additional 136,696 shares during the period. Hood River Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 5.5% in the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its holdings in Kratos Defense & Security Solutions by 0.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after purchasing an additional 19,104 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KTOS has been the subject of a number of research reports. Truist Financial restated a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research report on Tuesday. BTIG Research began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating for the company. Finally, Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.