Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Insider Sells $291,456.00 in Stock


X Scalper

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) insider David M. Carter sold 14,720 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $19.80, for a total transaction of $291,456.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ KTOS opened at $18.78 on Friday. Kratos Defense & Security Solutions, Inc has a one year low of $11.91 and a one year high of $25.08. The company has a 50-day simple moving average of $20.69 and a 200-day simple moving average of $19.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.33 and a current ratio of 2.73. The firm has a market capitalization of $2.03 billion, a PE ratio of 110.47, a price-to-earnings-growth ratio of 11.09 and a beta of 1.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $187.90 million during the quarter, compared to analyst estimates of $178.72 million. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Equities analysts forecast that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current year.

Several research firms have recently commented on KTOS. Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 price target (up from $19.00) on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. Noble Financial lowered shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price target for the company. in a report on Wednesday, June 5th. Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $26.00 in a report on Friday, August 16th. Citigroup lowered shares of Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Canaccord Genuity set a $28.00 price target on shares of Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.67.

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $31,000. Marshall Wace LLP acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $35,000. Advisory Services Network LLC boosted its stake in Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 3,978 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $81,000. Finally, US Bancorp DE boosted its stake in Kratos Defense & Security Solutions by 30.6% during the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock valued at $85,000 after purchasing an additional 877 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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