Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $18.24, for a total value of $127,680.00. Following the sale, the insider now owns 345,711 shares in the company, valued at approximately $6,305,768.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Trading Down 1.8 %

Shares of NASDAQ:KTOS traded down $0.34 during midday trading on Wednesday, hitting $18.34. 1,576,426 shares of the stock traded hands, compared to its average volume of 1,469,768. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2.38 billion, a PE ratio of -305.62 and a beta of 0.80. Kratos Defense & Security Solutions, Inc. has a one year low of $12.12 and a one year high of $21.60. The business’s 50 day moving average is $18.79 and its two-hundred day moving average is $17.65.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The business had revenue of $273.80 million for the quarter, compared to the consensus estimate of $253.39 million. During the same period in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. JPMorgan Chase & Co. raised its position in shares of Kratos Defense & Security Solutions by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after acquiring an additional 29,108 shares in the last quarter. Raymond James & Associates raised its holdings in Kratos Defense & Security Solutions by 36.0% in the first quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after purchasing an additional 27,379 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 32.4% during the 1st quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock valued at $15,917,000 after buying an additional 190,343 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Kratos Defense & Security Solutions by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after buying an additional 22,960 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Kratos Defense & Security Solutions by 3.2% in the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after acquiring an additional 294,143 shares in the last quarter. 83.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent research reports. Benchmark increased their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group lifted their price target on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Raymond James upped their price objective on shares of Kratos Defense & Security Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Finally, Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.33.

Check Out Our Latest Research Report on KTOS

About Kratos Defense & Security Solutions

(Get Free Report)

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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