Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.24, for a total value of $400,680.00. Following the transaction, the insider directly owned 344,090 shares in the company, valued at approximately $19,695,711.60. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 13.8%

Shares of KTOS stock traded up $7.89 during trading hours on Thursday, reaching $65.19. 11,302,738 shares of the company’s stock were exchanged, compared to its average volume of 4,108,288. The stock’s 50 day moving average is $66.49 and its 200-day moving average is $81.17. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 383.47 and a beta of 1.06. 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 fifty-two week low of $35.88 and a fifty-two week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KTOS has been the topic of several research analyst reports. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Piper Sandler cut their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. UBS Group reissued a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. BTIG Research reduced 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 note on Thursday, May 7th. Finally, Canaccord Genuity Group raised their price objective on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three 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 stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

Key Kratos Defense & Security Solutions News

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

• Positive Sentiment: KTOS was mentioned alongside other U.S. drone stocks that surged after reports of Pentagon-backed funding talks, which could signal stronger strategic and financial support for the domestic drone industry. Drone Stocks Jump As Trump Administration Pursues Funding Deals
• Positive Sentiment: Unusually heavy call option buying in Kratos suggests traders are positioning for more upside, reinforcing bullish sentiment around the stock.
• Positive Sentiment: News flow around the government potentially investing in drone manufacturers is drawing speculative interest into defense-drone names like KTOS. Trump Invested in Intel And it Soared 500%. Here’s the Next Industry the Government is Buying.
• Neutral Sentiment: Multiple insiders sold shares on May 26, including director Bobbi Doorenbos, Steven S. Fendley, and Jonah Adelman. While insider selling can weigh on sentiment, one sale was made under a pre-arranged 10b5-1 plan, and the transactions may be less meaningful than the broader industry catalyst.
• Neutral Sentiment: Short interest data showed no meaningful change in the reported figure, so it does not appear to be a major driver of the stock today.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $25,000. Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $32,000. Atlantic Union Bankshares Corp grew its position in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares during the period. Whittier Trust Co. acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $38,000. Finally, Accredited Wealth Management LLC grew its position in Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 269 shares during the period. 75.92% of the stock is owned by institutional investors and hedge funds.

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.