Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells 4,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David Carter sold 4,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $59.16, for a total transaction of $236,640.00. Following the transaction, the insider directly owned 70,092 shares in the company, valued at approximately $4,146,642.72. The trade was a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS traded down $1.54 during trading on Tuesday, reaching $56.19. The company had a trading volume of 3,469,769 shares, compared to its average volume of 4,792,662. The firm’s fifty day moving average is $63.00 and its 200 day moving average is $80.45. The firm has a market capitalization of $10.54 billion, a PE ratio of 330.53 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a twelve month low of $37.90 and a twelve month high of $134.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. UBS Group reiterated a “neutral” rating and issued a $82.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, BNP Paribas Exane boosted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.28.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at about $25,000. Caitlin John LLC purchased a new position in shares of Kratos Defense & Security Solutions in the third quarter worth approximately $32,000. Atlantic Union Bankshares Corp raised its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the period. Accredited Wealth Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the period. Finally, Murphy & Mullick Capital Management Corp lifted its position in shares of Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.