Today: Today: Kratos Defense & Security Solutions Inc. (KTOS) Director Buys $4,998,000.00 in Stock

Today: Kratos Defense & Security Solutions Inc. (KTOS) Director Buys $4,998,000.00 in Stock

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Director Bandel L. Carano acquired 833,000 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, November 23rd. The shares were bought at an average price of $6.00 per share, with a total value of $4,998,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) traded up 1.065% during midday trading on Monday, hitting $7.115. 151,188 shares of the stock were exchanged. The firm has a 50-day moving average price of $6.31 and a 200-day moving average price of $5.53. The stock’s market cap is $430.57 million. Kratos Defense & Security Solutions Inc. has a one year low of $2.80 and a one year high of $7.58.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.08. Kratos Defense & Security Solutions had a negative net margin of 9.06% and a negative return on equity of 3.73%. The firm had revenue of $165.40 million for the quarter, compared to analyst estimates of $162.10 million. During the same period last year, the firm posted $0.07 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions Inc. will post ($0.13) EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC raised its position in Kratos Defense & Security Solutions by 57.1% in the third quarter. Verition Fund Management LLC now owns 17,121 shares of the company’s stock worth $118,000 after buying an additional 6,221 shares during the period. BlackRock Advisors LLC raised its position in Kratos Defense & Security Solutions by 12.2% in the third quarter. BlackRock Advisors LLC now owns 24,221 shares of the company’s stock worth $167,000 after buying an additional 2,635 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Kratos Defense & Security Solutions during the third quarter worth $224,000. Penserra Capital Management LLC raised its position in Kratos Defense & Security Solutions by 149.6% in the third quarter. Penserra Capital Management LLC now owns 33,515 shares of the company’s stock worth $230,000 after buying an additional 20,087 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Kratos Defense & Security Solutions during the second quarter worth $143,000. Hedge funds and other institutional investors own 68.24% of the company’s stock.

A number of equities research analysts have recently issued reports on KTOS shares. Zacks Investment Research lowered shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 5th. B. Riley started coverage on shares of Kratos Defense & Security Solutions in a report on Monday, November 7th. They set a “buy” rating and a $9.00 target price for the company.

Kratos Defense & Security Solutions Company Profile

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