Kratos Defense & Security Solutions (NASDAQ:KTOS) SVP Marie Mendoza Sells 1,013 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) SVP Marie Mendoza sold 1,013 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $53.49, for a total value of $54,185.37. Following the completion of the transaction, the senior vice president owned 65,996 shares in the company, valued at approximately $3,530,126.04. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • 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 value of $113,535.00.
  • On Monday, March 16th, Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $88.97, for a total value of $134,878.52.

Kratos Defense & Security Solutions Stock Performance

KTOS stock opened at $53.47 on Wednesday. The company has a market cap of $10.03 billion, a P/E ratio of 314.53 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 1 year low of $34.06 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The stock’s fifty day moving average price is $71.09 and its 200-day moving average price is $82.48.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

KTOS has been the topic of a number of research reports. BTIG Research dropped their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Jefferies Financial Group set a $80.00 target price on Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.28.

Check Out Our Latest Report on Kratos Defense & Security Solutions

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

  • Positive Sentiment: Kratos continues to benefit from rising defense spending and demand for unmanned systems, with recent results showing 22.6% revenue growth and a record backlog.
  • Neutral Sentiment: A market article singled out KTOS as a long-term growth name after its pullback, arguing the recent weakness may have improved the entry point versus earlier highs. 3 Undervalued Stocks to Buy Before the Market’s Next Big Move
  • Negative Sentiment: Director and executive insider sales, including a 3,000-share sale by Bradley L. Boyd and additional sales by Phillip D. Carrai and Marie Mendoza, may be adding pressure to the stock. SEC filing

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Royal Bank of Canada lifted its position in Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after purchasing an additional 35,098 shares in the last quarter. Amundi purchased a new position in Kratos Defense & Security Solutions during the first quarter valued at $791,000. NewEdge Advisors LLC lifted its position in Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 515 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 178.0% during the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Kratos Defense & Security Solutions by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after purchasing an additional 41,265 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

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.

Further Reading

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

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