Jonah Adelman Sells 31,348 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Jonah Adelman sold 31,348 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $64.13 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $35.88 and a 1-year high of $134.00. The stock has a market cap of $12.03 billion, a PE ratio of 377.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The firm has a fifty day moving average price of $65.91 and a 200 day moving average price of $81.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced 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 firm had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the previous year, the company earned $0.12 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Mission Wealth Management LP acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth about $1,828,000. M&T Bank Corp increased its stake in shares of Kratos Defense & Security Solutions by 6,900.4% during the fourth quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock worth $13,423,000 after acquiring an additional 174,305 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth about $21,013,000. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 465,100 shares during the period. Finally, Barclays PLC increased its stake in shares of Kratos Defense & Security Solutions by 16.3% during the third quarter. Barclays PLC now owns 413,514 shares of the aerospace company’s stock worth $37,783,000 after acquiring an additional 57,906 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Kratos Defense & Security Solutions

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

• Positive Sentiment: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

Analyst Ratings Changes

A number of brokerages recently weighed in on KTOS. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Citizens Jmp dropped their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, UBS Group restated a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three equities research 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. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

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.