Stacey Rock Sells 16,568 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 16,568 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the sale, the insider directly owned 26,487 shares in the company, valued at approximately $3,092,092.38. This represents a 38.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded up $4.16 during trading on Monday, hitting $117.86. The stock had a trading volume of 5,031,134 shares, compared to its average volume of 2,686,098. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $119.63. The stock has a market cap of $19.90 billion, a price-to-earnings ratio of 906.69 and a beta of 1.09. The company’s 50 day moving average price is $78.68 and its two-hundred day moving average price is $73.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same quarter last year, the firm posted $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on KTOS shares. B. Riley upped their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. JMP Securities boosted their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group increased their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.72.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. TD Waterhouse Canada Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $30,000. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. Bayforest Capital Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $32,000. Caitlin John LLC purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Finally, Accredited Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after acquiring an additional 269 shares during the last quarter. 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.