Marie Mendoza Sells 1,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $14.76, for a total transaction of $14,760.00. Following the completion of the transaction, the senior vice president now owns 38,523 shares in the company, valued at approximately $568,599.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 15th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $15.96, for a total transaction of $15,960.00.
• On Thursday, July 20th, Marie Mendoza sold 1,000 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $14.00, for a total transaction of $14,000.00.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $14.60 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.34 and a quick ratio of 1.76. The business has a fifty day simple moving average of $15.03 and a two-hundred day simple moving average of $13.98. Kratos Defense & Security Solutions, Inc. has a 12 month low of $8.90 and a 12 month high of $17.31.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $256.90 million during the quarter, compared to analyst estimates of $235.93 million. Kratos Defense & Security Solutions had a positive return on equity of 1.91% and a negative net margin of 2.69%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

KTOS has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Raymond James started coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, July 20th. They issued an “outperform” rating and a $17.00 price target on the stock. TheStreet upgraded shares of Kratos Defense & Security Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, August 9th. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, August 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.29.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its position in shares of Kratos Defense & Security Solutions by 36.9% in the 1st quarter. AdvisorNet Financial Inc now owns 2,970 shares of the aerospace company’s stock worth $40,000 after purchasing an additional 800 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of Kratos Defense & Security Solutions by 5.2% in the 1st quarter. Money Concepts Capital Corp now owns 53,285 shares of the aerospace company’s stock worth $719,000 after purchasing an additional 2,622 shares during the last quarter. Granite Investment Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 31.9% in the 1st quarter. Granite Investment Partners LLC now owns 1,344,690 shares of the aerospace company’s stock worth $18,126,000 after purchasing an additional 325,570 shares during the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Kratos Defense & Security Solutions by 1.1% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 5,036,351 shares of the aerospace company’s stock worth $51,925,000 after purchasing an additional 54,852 shares during the last quarter. Finally, ARS Investment Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 1.4% in the 1st quarter. ARS Investment Partners LLC now owns 1,405,667 shares of the aerospace company’s stock worth $18,948,000 after purchasing an additional 19,631 shares during the last quarter. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.