Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading Down 3.1% – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price fell 3.1% during mid-day trading on Monday . The stock traded as low as $68.85 and last traded at $70.24. 2,214,617 shares were traded during mid-day trading, a decline of 39% from the average session volume of 3,603,596 shares. The stock had previously closed at $72.45.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price target on shares of Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. BTIG Research increased their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Kratos Defense & Security Solutions Trading Up 0.4%

The company’s fifty day simple moving average is $84.84 and its two-hundred day simple moving average is $62.33. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 706.77 and a beta of 1.11. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $96.90, for a total transaction of $581,400.00. Following the transaction, the insider owned 252,041 shares in the company, valued at $24,422,772.90. The trade was a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Marie Mendoza sold 1,440 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $97.10, for a total value of $139,824.00. Following the sale, the senior vice president directly owned 60,396 shares of the company’s stock, valued at approximately $5,864,451.60. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,716 shares of company stock valued at $6,283,225 over the last 90 days. Insiders own 2.37% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 10.0% in the third quarter. Advisory Services Network LLC now owns 8,364 shares of the aerospace company’s stock valued at $764,000 after purchasing an additional 763 shares in the last quarter. Abel Hall LLC acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $348,000. Harvest Investment Services LLC lifted its stake in Kratos Defense & Security Solutions by 10.7% in the 3rd quarter. Harvest Investment Services LLC now owns 134,629 shares of the aerospace company’s stock valued at $12,301,000 after acquiring an additional 13,024 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Kratos Defense & Security Solutions by 4.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,847 shares of the aerospace company’s stock worth $2,544,000 after acquiring an additional 1,105 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 372.3% during the 3rd quarter. NewEdge Advisors LLC now owns 7,156 shares of the aerospace company’s stock worth $654,000 after acquiring an additional 5,641 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.