Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Stacey Rock Sells 4,675 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,675 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total transaction of $233,750.00. Following the transaction, the insider owned 9,600 shares in the company, valued at approximately $480,000. The trade was a 32.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 4.4%

Shares of KTOS opened at $55.35 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The company has a 50-day simple moving average of $56.90 and a 200-day simple moving average of $77.83. Kratos Defense & Security Solutions, Inc. has a 52 week low of $42.81 and a 52 week high of $134.00. The firm has a market capitalization of $10.38 billion, a P/E ratio of 325.59 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. During the same period last year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. BNP Paribas Exane boosted their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wedbush assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday. They issued an “outperform” rating and a $85.00 target price for the company. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. BTIG Research dropped their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $99.00 to $82.00 in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $100.44.

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos won an approximate $36 million sole-source contract for a new air defense missile system, a direct revenue catalyst that supports its defense backlog. Article Title
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and an $85 price target, lifting sentiment around KTOS as a major defense supplier. Article Title
• Positive Sentiment: Kratos secured an agreement to become the exclusive U.S. manufacturer for Elroy Air and announced a joint venture framework in Abu Dhabi, expanding its growth runway in unmanned systems. Article Title
• Positive Sentiment: Investor focus on the proposed Golden Dome missile defense program is reinforcing the case for Kratos as a future beneficiary of defense modernization spending. Article Title
• Neutral Sentiment: Insider sales by Steven Fendley, Deanna H. Lund, and Stacey G. Rock were disclosed, but each transaction was made under pre-arranged Rule 10b5-1 plans, making them less indicative of a change in operating outlook. Article Title

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in shares of Kratos Defense & Security Solutions by 245.2% during the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock worth $45,673,000 after purchasing an additional 427,396 shares in the last quarter. M&T Bank Corp boosted its position in Kratos Defense & Security Solutions by 6,900.4% in the fourth quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock valued at $13,423,000 after buying an additional 174,305 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in Kratos Defense & Security Solutions by 435.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock valued at $3,265,000 after buying an additional 34,973 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Kratos Defense & Security Solutions during the third quarter worth about $21,013,000. Finally, JPMorgan Chase & Co. grew its stake in Kratos Defense & Security Solutions by 93.0% during the third quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock worth $88,170,000 after buying an additional 465,100 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.