Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 3.1% – Time to Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was down 3.1% during trading on Tuesday . The company traded as low as $70.87 and last traded at $70.96. Approximately 2,132,219 shares were traded during trading, a decline of 40% from the average daily volume of 3,543,539 shares. The stock had previously closed at $73.21.

Wall Street Analyst Weigh In

KTOS has been the subject of several research analyst reports. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $72.00 to $105.00 in a research note on Wednesday, October 8th. BNP Paribas set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Citigroup restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, October 2nd. Finally, BNP Paribas Exane began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $82.06.

Kratos Defense & Security Solutions Trading Down 3.1%

The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 709.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The firm’s 50-day simple moving average is $84.63 and its 200 day simple moving average is $64.76.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The firm had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue was up 26.0% compared to the same quarter last year. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Jonah Adelman sold 30,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the sale, the insider directly owned 9,348 shares of the company’s stock, valued at approximately $699,230.40. The trade was a 76.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $92.03, for a total transaction of $460,150.00. Following the transaction, the chief financial officer owned 308,069 shares of the company’s stock, valued at approximately $28,351,590.07. This represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 108,866 shares of company stock valued at $8,699,898. Company insiders own 2.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its holdings in Kratos Defense & Security Solutions by 15.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock worth $4,552,000 after acquiring an additional 13,345 shares during the last quarter. Corebridge Financial Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 5.2% during the first quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock worth $2,299,000 after purchasing an additional 3,860 shares during the period. ARK Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 22.2% in the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after purchasing an additional 818,104 shares during the last quarter. Trivium Point Advisory LLC grew its stake in shares of Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after purchasing an additional 4,483 shares during the last quarter. Finally, Alpha Wealth Funds LLC acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at $227,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.