Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $393,120.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $56.16, for a total transaction of $393,120.00. Following the transaction, the insider owned 288,111 shares of the company’s stock, valued at approximately $16,180,313.76. The trade was a 2.37% decrease in their position. The sale was disclosed in a legal filing 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 Stock Down 3.1%

Shares of NASDAQ:KTOS opened at $52.00 on Friday. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $43.09 and a fifty-two week high of $134.00. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $52.48 and its 200-day simple moving average is $65.34. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 305.88 and a beta of 1.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The firm had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently bought and sold shares of the stock. Harbor Investment Advisory LLC acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its stake 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 last quarter. Vision Retirement LLC increased its position in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KTOS. Piper Sandler upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 price target on the stock in a research note on Wednesday, August 5th. UBS Group reissued a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Cantor Fitzgerald reduced their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Kratos Defense & Security Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.47.

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.