Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) Director Bandel L. Carano purchased 833,000 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were purchased 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 SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) opened at 7.32 on Thursday. Kratos Defense & Security Solutions Inc. has a one year low of $2.80 and a one year high of $7.58. The stock’s market cap is $442.98 million. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $5.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.08. The company earned $165.40 million during the quarter, compared to analysts’ expectations of $162.10 million. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. Kratos Defense & Security Solutions’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities research analysts expect that Kratos Defense & Security Solutions Inc. will post ($0.13) earnings per share for the current fiscal year.

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

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

Institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC boosted 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 last quarter. BlackRock Advisors LLC boosted 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 last quarter. The Manufacturers Life Insurance Company acquired a new position in Kratos Defense & Security Solutions during the third quarter worth $224,000. Penserra Capital Management LLC boosted 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 last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $143,000. 68.24% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

5 Day Chart for NASDAQ:KTOS

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