Benjamin M. Goodwin Sells 70,000 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) SVP Benjamin M. Goodwin sold 70,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $19.77, for a total value of $1,383,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:KTOS traded down $0.36 during mid-day trading on Monday, reaching $17.70. 630,115 shares of the company traded hands, compared to its average volume of 1,206,749. The company’s 50 day moving average price is $19.07 and its 200-day moving average price is $20.56. The firm has a market cap of $1.92 billion, a PE ratio of 104.12, a PEG ratio of 9.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.84 and a quick ratio of 2.47. Kratos Defense & Security Solutions, Inc has a 52 week low of $12.31 and a 52 week high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $184.10 million during the quarter, compared to the consensus estimate of $184.32 million. Kratos Defense & Security Solutions had a return on equity of 4.54% and a net margin of 2.04%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. On average, research analysts predict that Kratos Defense & Security Solutions, Inc will post 0.25 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in KTOS. Tower Research Capital LLC TRC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $25,000. Usca Ria LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $28,000. Neo Ivy Capital Management bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $35,000. Marshall Wace LLP bought a new position in Kratos Defense & Security Solutions in the 1st quarter worth approximately $35,000. Finally, Bartlett & Co. LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $56,000. Institutional investors own 85.34% of the company’s stock.

A number of equities analysts have weighed in on KTOS shares. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Friday, August 16th. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Monday, September 23rd. ValuEngine lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Canaccord Genuity set a $28.00 price target on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research note on Friday, October 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Kratos Defense & Security Solutions presently has an average rating of “Buy” and an average target price of $23.75.

Kratos Defense & Security Solutions Company Profile

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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