Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Sells $143,225.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Bobbi Doorenbos sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.29, for a total transaction of $143,225.00. Following the completion of the transaction, the director owned 12,500 shares of the company’s stock, valued at approximately $716,125. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Performance

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 company has a 50 day simple moving average of $65.91 and a two-hundred day simple moving average of $81.05. 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 market cap of $12.03 billion, a P/E ratio of 377.24 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $345.00 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

KTOS has been the topic of several research analyst reports. Jefferies Financial Group set a $80.00 target price on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. BNP Paribas Exane boosted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citizens Jmp lowered their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. 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. Finally, Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $96.28.

More Kratos Defense & Security Solutions News

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

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the business. Greenleaf Trust raised its stake in Kratos Defense & Security Solutions by 2.7% during the fourth quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 100 shares in the last quarter. LVW Advisors LLC raised its stake in Kratos Defense & Security Solutions by 3.0% during the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 107 shares in the last quarter. CENTRAL TRUST Co raised its stake in Kratos Defense & Security Solutions by 7.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 115 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Kratos Defense & Security Solutions by 2.1% during the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock valued at $449,000 after purchasing an additional 122 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.