Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 4.2% – Time to Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price fell 4.2% during mid-day trading on Friday . The company traded as low as $47.22 and last traded at $47.35. Approximately 2,832,962 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 4,510,804 shares. The stock had previously closed at $49.44.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KTOS. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $99.00 to $82.00 in a report on Friday, June 12th. The Goldman Sachs Group cut their price objective on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Piper Sandler reduced their price objective on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Finally, Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.

Kratos Defense & Security Solutions Price Performance

The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The stock’s 50-day moving average price is $53.57 and its 200-day moving average price is $74.74. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 278.53 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share 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 during the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the business posted $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Jonah Adelman sold 31,348 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the sale, the insider directly owned 8,000 shares of the company’s stock, valued at approximately $456,480. This trade represents a 79.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 6,500 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $52.13, for a total value of $338,845.00. Following the transaction, the insider directly owned 221,550 shares in the company, valued at $11,549,401.50. This trade represents a 2.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 148,036 shares of company stock valued at $8,455,857 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp lifted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the period. Vision Retirement LLC lifted its holdings in Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after buying an additional 317 shares during the period. Finally, Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. 75.92% of the stock is currently 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.