Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $244,120.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $61.03, for a total value of $244,120.00. Following the completion of the transaction, the insider owned 17,897 shares in the company, valued at approximately $1,092,253.91. This trade represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $62.05 on Friday. Kratos Defense & Security Solutions, Inc. has a one year low of $32.85 and a one year high of $134.00. The stock’s fifty day moving average is $78.53 and its 200 day moving average is $85.16. The stock has a market cap of $11.63 billion, a P/E ratio of 477.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The company had revenue of $345.10 million for the quarter, compared to analysts’ expectations of $327.51 million. During the same period last year, the firm earned $0.13 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 21.9% compared to the same quarter last year. Sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock valued at $6,732,000 after acquiring an additional 26,946 shares in the last quarter. Mission Wealth Management LP bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $1,828,000. Baillie Gifford & Co. bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $19,048,000. M&T Bank Corp increased its holdings in shares of 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 worth $13,423,000 after purchasing an additional 174,305 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $21,013,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on KTOS shares. Stifel Nicolaus raised their target price on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Piper Sandler started coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.28.

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.