Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the transaction, the insider now owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded down $0.28 on Friday, hitting $33.37. 1,358,915 shares of the company's stock were exchanged, compared to its average volume of 2,365,702. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 333.73 and a beta of 1.07. The firm's 50-day moving average price is $29.08 and its two-hundred day moving average price is $25.16. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business had revenue of $275.90 million for the quarter, compared to analyst estimates of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period in the prior year, the company earned $0.08 EPS. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on KTOS. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, December 13th. JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a "market outperform" rating in a research report on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $28.30.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock valued at $93,966,000 after acquiring an additional 233,051 shares during the period. Geode Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. boosted its position in Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock worth $70,951,000 after purchasing an additional 304,088 shares in the last quarter. American Capital Management Inc. grew its holdings in Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock valued at $62,792,000 after purchasing an additional 305,925 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 9.0% in the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock valued at $41,398,000 after buying an additional 146,319 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

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.