Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,500 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $57.93, for a total transaction of $86,895.00. Following the sale, the senior vice president directly owned 64,447 shares of the company’s stock, valued at $3,733,414.71. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, May 15th, Marie Mendoza sold 1,013 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $53.49, for a total transaction of $54,185.37.
• 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 transaction of $113,535.00.

Kratos Defense & Security Solutions Trading Down 0.3%

KTOS opened at $56.16 on Thursday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $39.00 and a twelve month high of $134.00. The company has a 50-day simple moving average of $61.58 and a 200 day simple moving average of $79.77. 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 has a market capitalization of $10.53 billion, a price-to-earnings ratio of 330.35 and a beta of 1.04.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BTIG Research dropped their target price on shares of 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. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Citizens Jmp dropped their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.35.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Alliancebernstein L.P. increased its position in Kratos Defense & Security Solutions by 1,389.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the period. Corient Private Wealth LLC increased its position in Kratos Defense & Security Solutions by 7,701.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after purchasing an additional 1,573,123 shares during the period. Norges Bank acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $104,807,000. Westfield Capital Management Co. LP acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $91,901,000. Finally, First Trust Advisors LP increased its position in Kratos Defense & Security Solutions by 29.5% during the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after purchasing an additional 698,778 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.