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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80. Following the completion of the transaction, the senior vice president now owns 58,085 shares in the company, valued at approximately $1,449,801.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 1st, Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $60,575.00.
• On Monday, September 16th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $22.12, for a total value of $29,972.60.
• On Thursday, August 15th, Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $20.07, for a total value of $27,194.85.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded down $0.52 during trading hours on Thursday, reaching $25.22. 556,921 shares of the stock were exchanged, compared to its average volume of 1,143,440. The stock has a market capitalization of $3.81 billion, a P/E ratio of 360.29 and a beta of 1.02. The firm has a 50 day simple moving average of $22.78 and a 200-day simple moving average of $21.02. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.36 and a 52 week high of $25.91.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Truist Financial reissued a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the period. Bamco Inc. NY boosted its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after buying an additional 511,538 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Kratos Defense & Security Solutions by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after buying an additional 136,696 shares during the period. Hood River Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after buying an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Kratos Defense & Security Solutions by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after acquiring an additional 19,104 shares during the period. Institutional investors and hedge funds own 75.92% 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. 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.