Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,355 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $20.07, for a total value of $27,194.85.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded up $0.98 during trading on Wednesday, hitting $23.41. The company had a trading volume of 1,964,061 shares, compared to its average volume of 1,143,975. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The stock’s 50-day moving average is $21.52 and its two-hundred day moving average is $20.06. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 69.22 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 52 week low of $13.98 and a 52 week high of $23.98.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. Kratos Defense & Security Solutions’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Westwood Holdings Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $46,177,000. Vanguard Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 108.7% in the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC bought a new position in shares of Kratos Defense & Security Solutions in the first quarter worth approximately $11,198,000. Finally, Bamco Inc. NY grew its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Royal Bank of Canada upped their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. JMP Securities began coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

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. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.