Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Scot Jarvis Sells 5,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scot Jarvis sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $118.28, for a total transaction of $591,400.00. Following the sale, the director owned 100,417 shares in the company, valued at approximately $11,877,322.76. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $103.01 on Friday. The company has a market capitalization of $17.39 billion, a P/E ratio of 792.45 and a beta of 1.09. The company has a fifty day moving average price of $90.91 and a 200-day moving average price of $80.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in KTOS. TD Waterhouse Canada Inc. acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $31,000. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $32,000. Caitlin John LLC bought a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $32,000. Finally, Accredited Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 193.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 269 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. KeyCorp upped their price objective on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. BNP Paribas Exane set a $80.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Citizens Jmp boosted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. Finally, Canaccord Genuity Group increased their price target on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $95.28.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.