Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $107.97, for a total value of $755,790.00. Following the completion of the transaction, the insider directly owned 341,631 shares of the company’s stock, valued at approximately $36,885,899.07. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Stock Down 4.6%

NASDAQ KTOS opened at $112.67 on Thursday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $134.00. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The stock has a market cap of $19.02 billion, a PE ratio of 866.76 and a beta of 1.09. The stock’s 50 day moving average is $89.42 and its 200 day moving average is $79.73.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (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 analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently modified their holdings of the stock. Greenleaf Trust increased its position in shares of Kratos Defense & Security Solutions by 2.7% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after purchasing an additional 100 shares during the last quarter. LVW Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 3.0% during the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock worth $278,000 after buying an additional 107 shares during the period. CWM LLC boosted its stake in Kratos Defense & Security Solutions by 3.8% during the second quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock worth $219,000 after buying an additional 171 shares during the period. Red Mountain Financial LLC increased its position in Kratos Defense & Security Solutions by 1.9% during the second quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock valued at $488,000 after acquiring an additional 200 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 15.2% in the second quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 200 shares during the period. 75.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. Truist Financial set a $135.00 target price on Kratos Defense & Security Solutions in a research report on Friday, January 9th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. Finally, Stifel Nicolaus upped their price objective on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average price target of $95.28.

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.