Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading Down 1.4% – Should You Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price fell 1.4% on Wednesday . The stock traded as low as $49.16 and last traded at $49.68. Approximately 4,901,427 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 4,566,974 shares. The stock had previously closed at $50.36.

Analysts Set New Price Targets

KTOS has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Piper Sandler decreased their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Citizens Jmp lowered their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Finally, BTIG Research cut their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.29.

Kratos Defense & Security Solutions Trading Down 0.6%

The company has a market capitalization of $8.75 billion, a P/E ratio of 276.06 and a beta of 1.07. The business has a fifty day moving average of $54.50 and a 200-day moving average of $75.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $62.10, for a total transaction of $310,500.00. Following the completion of the sale, the chief financial officer directly owned 295,200 shares of the company’s stock, valued at approximately $18,331,920. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the sale, the insider owned 8,000 shares in the company, valued at $456,480. This trade represents a 79.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 148,036 shares of company stock valued at $8,455,857 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its stake in Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares in the last quarter. Murphy & Mullick Capital Management Corp boosted its holdings in Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 225 shares during the period. Vision Retirement LLC grew its position in shares of Kratos Defense & Security Solutions by 288.2% during 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 in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $37,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.