Kratos Defense & Security Solutions (KTOS) CEO Eric M. Demarco Purchases 13,360 Shares

Kratos Defense & Security Solutions (NASDAQ:KTOS) CEO Eric M. Demarco bought 13,360 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was purchased at an average price of $11.23 per share, with a total value of $150,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Kratos Defense & Security Solutions opened at $11.13 on Friday, according to MarketBeat. The firm has a market capitalization of $1.14 billion, a P/E ratio of 278.25, a P/E/G ratio of 11.96 and a beta of 1.87. The company has a quick ratio of 2.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.57. Kratos Defense & Security Solutions has a one year low of $8.90 and a one year high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, May 10th. The aerospace company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. The company had revenue of $143.00 million during the quarter, compared to analyst estimates of $145.26 million. Kratos Defense & Security Solutions had a negative net margin of 4.80% and a positive return on equity of 2.21%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. equities research analysts expect that Kratos Defense & Security Solutions will post 0.12 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Kratos Defense & Security Solutions by 2.8% in the 1st quarter. BlackRock Inc. now owns 9,784,472 shares of the aerospace company’s stock worth $100,682,000 after acquiring an additional 263,413 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kratos Defense & Security Solutions by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,653,271 shares of the aerospace company’s stock worth $37,592,000 after buying an additional 85,563 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 32.9% during the first quarter. Millennium Management LLC now owns 3,346,262 shares of the aerospace company’s stock worth $34,433,000 after buying an additional 827,752 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Kratos Defense & Security Solutions by 40.2% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 2,345,400 shares of the aerospace company’s stock worth $24,837,000 after buying an additional 672,100 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its holdings in shares of Kratos Defense & Security Solutions by 4.3% during the fourth quarter. Emerald Advisers Inc. PA now owns 2,297,901 shares of the aerospace company’s stock worth $24,335,000 after buying an additional 95,024 shares in the last quarter. 78.01% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on KTOS shares. ValuEngine upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research note on Saturday, March 3rd. BidaskClub upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 21st. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, March 8th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $13.50.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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