Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $12.01, but opened at $12.28. Kratos Defense & Security Solutions shares last traded at $12.35, with a volume of 1,432,409 shares traded.

A number of equities analysts recently commented on KTOS shares. Canaccord Genuity restated a “buy” rating and issued a $14.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Noble Financial restated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 14th. Jefferies Group LLC restated a “hold” rating and issued a $9.25 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. TheStreet upgraded Kratos Defense & Security Solutions from a “d” rating to a “c-” rating in a report on Tuesday, May 30th. Finally, BidaskClub upgraded Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and a consensus price target of $12.78.

The company’s 50-day moving average is $12.28 and its 200 day moving average is $10.18. The company’s market cap is $1.04 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post $0.10 EPS for the current year.

In related news, CEO Eric M. Demarco purchased 8,905 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $11.19 per share, with a total value of $99,646.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 23.20% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of KTOS. SG Capital Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $15,458,000. Capital World Investors increased its holdings in shares of Kratos Defense & Security Solutions by 32.2% during the 2nd quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock worth $53,261,000 after acquiring an additional 1,092,000 shares during the last quarter. State Street Corp increased its holdings in shares of Kratos Defense & Security Solutions by 48.7% during the 1st quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after acquiring an additional 691,425 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $7,880,000. Finally, Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 24.0% during the 1st quarter. Vanguard Group Inc. now owns 2,760,941 shares of the aerospace company’s stock worth $21,480,000 after acquiring an additional 534,190 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

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Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

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