Eric Demarco Sells 200,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric Demarco sold 200,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $74.09, for a total value of $14,818,000.00. Following the transaction, the chief executive officer owned 1,196,237 shares in the company, valued at $88,629,199.33. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $77.68 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 597.58 and a beta of 1.14. The business has a 50 day simple moving average of $84.08 and a 200 day simple moving average of $65.15. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Kratos Defense & Security Solutions by 34.3% in the 3rd quarter. Allworth Financial LP now owns 1,577 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 403 shares during the period. IFP Advisors Inc acquired a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $246,000. Swiss Life Asset Management Ltd acquired a new position in Kratos Defense & Security Solutions during the third quarter worth approximately $718,000. Strategic Advocates LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at approximately $101,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Kratos Defense & Security Solutions by 93.0% in the third quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after buying an additional 465,100 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KTOS shares. BNP Paribas set a $80.00 target price on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the company from $72.00 to $105.00 in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $82.06.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.