Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $338,590.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 29th. The stock was sold at an average price of $48.37, for a total value of $338,590.00. Following the transaction, the insider owned 302,126 shares in the company, valued at approximately $14,613,834.62. This represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $55.35 on Friday. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a twelve month low of $42.81 and a twelve month high of $134.00. The company’s 50-day moving average price is $56.64 and its 200-day moving average price is $77.67. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 325.59 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (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 during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the business earned $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in KTOS. Greenleaf Trust boosted its position in shares of Kratos Defense & Security Solutions by 2.7% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 100 shares during the period. LVW Advisors LLC raised its position in Kratos Defense & Security Solutions by 3.0% in 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 during the period. CENTRAL TRUST Co lifted 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 worth $129,000 after purchasing an additional 115 shares in the last quarter. Quadrant Capital Group LLC lifted 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 worth $449,000 after purchasing an additional 122 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of 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 worth $148,000 after buying an additional 125 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KTOS. Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BTIG Research lowered their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. BNP Paribas Exane raised their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $99.00 to $82.00 in a research note on Friday, June 12th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $100.44.

Key Headlines Impacting Kratos Defense & Security Solutions

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

• Positive Sentiment: Kratos won an approximately $36 million sole-source contract for a new air defense missile system, adding a near-term revenue catalyst and reinforcing its position in defense modernization. Article Title
• Positive Sentiment: Wedbush upgraded Kratos Defense & Security Solutions (KTOS) to Strong Buy, which boosted investor confidence in the stock’s longer-term outlook. Article Title
• Positive Sentiment: Broader defense-sector enthusiasm, including renewed attention on drone and missile-defense names, has helped support sentiment in KTOS. Article Title
• Neutral Sentiment: Insiders Steven Fendley, Deanna H. Lund, and Stacey Rock disclosed stock sales, but each transaction was made under pre-arranged 10b5-1 plans, making them less informative about operational prospects. Article Title

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.