Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock: Insider Steven Fendley Sells 14,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 14,000 shares of the stock in a transaction on Friday, November 13th. The shares were sold at an average price of $33.85, for a total transaction of $473,900.00. Following the completion of the sale, the insider owned 274,176 shares of the company’s stock, valued at approximately $9,280,857.60. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $0.84 during midday trading on Friday, hitting $33.91. 5,000,241 shares of the company’s stock were exchanged, compared to its average volume of 4,812,484. The company has a quick ratio of 4.87, a current ratio of 5.42 and a debt-to-equity ratio of 0.05. Kratos Defense & Security Solutions, Inc. has a 12 month low of $31.57 and a 12 month high of $134.00. The company’s 50 day moving average price is $42.11 and its 200 day moving average price is $60.59. The firm has a market capitalization of $6.38 billion, a PE ratio of 282.58 and a beta of 1.18.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, November 5th. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The firm had revenue of $471.80 million for the quarter, compared to the consensus estimate of $471.40 million. Kratos Defense & Security Solutions had a net margin of 1.34% and a return on equity of 3.18%. The company’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research reports. Stifel Nicolaus decreased their target price on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Canaccord Genuity Group dropped their target price on Kratos Defense & Security Solutions from $135.00 to $120.00 and set a “buy” rating for the company in a report on Monday, November 9th. Cantor Fitzgerald reduced their target price on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Guggenheim decreased their price target on shares of Kratos Defense & Security Solutions from $74.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, November 9th. Finally, KeyCorp lowered their price target on shares of Kratos Defense & Security Solutions from $130.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.40.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of KTOS. Vision Retirement LLC lifted its position in Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares during the period. Harbor Investment Advisory LLC bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $25,000. IMG Wealth Management Inc. increased its holdings in Kratos Defense & Security Solutions by 427.0% in the 1st quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock valued at $37,000 after buying an additional 427 shares during the period. Geneos Wealth Management Inc. increased its holdings in Kratos Defense & Security Solutions by 333.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the aerospace company’s stock valued at $46,000 after buying an additional 500 shares during the period. Finally, Compass Financial Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $34,000. 75.92% of the stock is owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions is a defense technology company that develops products and services for U.S. government agencies, national security organizations, and allied governments. Its work spans unmanned systems, satellite communications, microwave electronics, command-and-control systems, and training and simulation. The company’s offerings include unmanned aerial vehicles and target drones, as well as systems and components used in space and satellite communications and other defense applications.