Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 9.2% – Time to Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price fell 9.2% on Wednesday . The company traded as low as $52.41 and last traded at $52.0670. 975,577 shares were traded during mid-day trading, a decline of 77% from the average session volume of 4,207,478 shares. The stock had previously closed at $57.33.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KTOS shares. Citizens Jmp lowered their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Canaccord Genuity Group raised their price objective on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Three investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.28.

Kratos Defense & Security Solutions Price Performance

The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $74.57 and a 200 day simple moving average of $83.78. The stock has a market capitalization of $9.83 billion, a P/E ratio of 308.62 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its 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. The company had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, Director Scott I. Anderson sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $89.11, for a total transaction of $1,336,650.00. Following the transaction, the director directly owned 51,334 shares of the company’s stock, valued at $4,574,372.74. This trade represents a 22.61% 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 link. Also, VP De Burgreen Maria Cervantes sold 6,270 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $89.29, for a total transaction of $559,848.30. Following the transaction, the vice president owned 59,369 shares in the company, valued at approximately $5,301,058.01. This trade represents a 9.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 173,027 shares of company stock worth $13,754,040. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of the company. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its position in Kratos Defense & Security Solutions by 7,600.0% in the fourth 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 last quarter. Vision Retirement LLC grew its stake in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares during the period. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at $31,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Institutional investors own 75.92% of the company’s stock.

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.