Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Sells $54,185.37 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,013 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $53.49, for a total value of $54,185.37. Following the completion of the transaction, the senior vice president owned 65,996 shares in the company, valued at $3,530,126.04. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $75.69, for a total value of $113,535.00.
• On Monday, March 16th, Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $88.97, for a total value of $134,878.52.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $54.67 on Friday. The firm has a market capitalization of $10.25 billion, a P/E ratio of 321.59 and a beta of 1.06. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $69.67 and its two-hundred day simple moving average is $82.00. Kratos Defense & Security Solutions, Inc. has a twelve month low of $34.17 and a twelve month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KTOS. Canaccord Genuity Group upped their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. UBS Group reiterated a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. BTIG Research cut their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Jefferies Financial Group set a $80.00 price objective on Kratos Defense & Security Solutions in a report on Sunday, May 10th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $96.28.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at about $25,000. Caitlin John LLC purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $32,000. Atlantic Union Bankshares Corp boosted its holdings in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the period. Whittier Trust Co. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $38,000. Finally, Accredited Wealth Management LLC boosted its holdings in Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the period. 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 (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.