Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $168,070.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the completion of the sale, the insider now directly owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $22.87 on Friday. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 326.71 and a beta of 1.02. The stock’s fifty day simple moving average is $23.48 and its 200 day simple moving average is $21.43. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.36 and a 52-week high of $25.91.

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

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of KTOS. Wealth Quarterback LLC grew its holdings in shares of Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after buying an additional 528 shares in the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 4.6% during the third quarter. Catalyst Capital Advisors LLC now owns 68,840 shares of the aerospace company’s stock valued at $1,604,000 after buying an additional 3,000 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Kratos Defense & Security Solutions by 19.5% during the third quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock valued at $21,358,000 after buying an additional 145,462 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares in the last quarter. Finally, Stephens Inc. AR grew its holdings in shares of Kratos Defense & Security Solutions by 19.5% during the third quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock valued at $547,000 after buying an additional 3,839 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KTOS. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price objective for the company from $24.00 to $26.00 in a research note on Wednesday. Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.10.

About Kratos Defense & Security Solutions

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.