Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Director Bandel L. Carano acquired 833,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was acquired at an average price of $6.00 per share, with a total value of $4,998,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) opened at 7.16 on Wednesday. Kratos Defense & Security Solutions Inc. has a 52-week low of $2.80 and a 52-week high of $7.58. The stock’s market capitalization is $433.29 million. The stock’s 50 day moving average price is $6.32 and its 200 day moving average price is $5.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. The firm earned $165.40 million during the quarter, compared to the consensus estimate of $162.10 million. During the same period in the previous year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that Kratos Defense & Security Solutions Inc. will post ($0.13) EPS for the current year.

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

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Several hedge funds and other institutional investors have recently modified their holdings of KTOS. Verition Fund Management LLC increased its position in shares of Kratos Defense & Security Solutions by 57.1% in the third quarter. Verition Fund Management LLC now owns 17,121 shares of the company’s stock valued at $118,000 after buying an additional 6,221 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at about $143,000. BlackRock Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. BlackRock Advisors LLC now owns 24,221 shares of the company’s stock valued at $167,000 after buying an additional 2,635 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $224,000. Finally, Penserra Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 149.6% in the third quarter. Penserra Capital Management LLC now owns 33,515 shares of the company’s stock valued at $230,000 after buying an additional 20,087 shares in the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.

Several research analysts have recently commented on KTOS shares. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. B. Riley started coverage on Kratos Defense & Security Solutions in a research report on Monday, November 7th. They set a “buy” rating and a $9.00 price target for the company.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

5 Day Chart for NASDAQ:KTOS

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