Saturday, March 18, 2017 8:17:20 PM
Corporate insiders sell their own companies' stock for a number of reasons. They might need the cash for a big personal purchase such as a new house, or they might need the cash to fund a charity. Sometimes they sell as part of a planned program that they have put in place for diversification purposes.
Insiders, however, usually buy their own shares for one reason only: They think the stock is cheap and has tremendous upside.
Recently, a number of companies' corporate insiders have bought stock. These insiders are finding some value in this market, which warrants a closer look at these names.
Kratos Defense & Security Solutions
One defense player that insiders are loading up on is Kratos Defense & Security Solutions (KTOS) , which provides mission critical products, solutions, and services in the U.S.
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Kratos Defense & Security Solutions has a market cap of $638 million. This stock trades at a cheap valuation, with a forward price-to-earnings of 21.5. Its estimated growth rate for this year is 128.6%, and for next year it's pegged at 1,650%. This is not a cash-rich company, since its total cash position is $69.1 million and its total debt is $432 million.
A director just bought 275,862 shares, or $2 million worth of stock, at $7.25 per share.
If you're bullish on Kratos Defense & Security Solutions, then I would look for long-biased trades as long as this stock is trending above support at $6.96 to $6.83 and then once it breaks out above resistance at $7.65 with volume near or above its three-month average of 1.31 million shares. If that breakout hits, then this stock could re-fill its recent gap-down-day zone that started at $8.40 a share.
Recent KTOS News
- Kratos SRE Welcomes Congressman Gary Palmer to Facility in Birmingham • GlobeNewswire Inc. • 09/23/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 12:21:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 12:14:31 AM
- Air Force Awards Kratos Sole Source $79.8 Million Contract for 60 BQM-167A Target Aircraft Systems (Lot 20) • GlobeNewswire Inc. • 09/17/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:32:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:20:54 PM
- Kratos Completes Significant Milestone on Cost Optimized Limited-Life Turbofan Engine • GlobeNewswire Inc. • 09/16/2024 12:30:00 PM
- Kratos Awarded Multi-Million Dollar Ground System Contract by Thaicom to Enable the Full Power of its New Software-Defined Satellite • GlobeNewswire Inc. • 09/16/2024 11:00:00 AM
- Kratos Announces Immediate Availability of TDI’s Four Classes of Low-Cost Turbojet Engines • GlobeNewswire Inc. • 09/12/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:29:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:24:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:16:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 11:11:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 08:05:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 08:05:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 08:04:58 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 08:04:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 11:05:25 PM
- Kratos Turbine Technologies Division Welcomes Congressman Brian Mast to the KTT Facility in Jupiter • GlobeNewswire Inc. • 08/28/2024 08:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 08:19:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 10:59:21 PM
- Shield AI Achieves Groundbreaking Collaborative Multi-Jet Aircraft Autonomy in Kratos MQM-178 Firejet Flight Test Event • PR Newswire (US) • 08/21/2024 06:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/17/2024 01:16:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/17/2024 01:07:08 AM
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North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM