Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $307,120.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $76.78, for a total value of $307,120.00. Following the transaction, the insider directly owned 21,777 shares in the company, valued at approximately $1,672,038.06. The trade was a 15.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $65.28 on Tuesday. Kratos Defense & Security Solutions, Inc. has a one year low of $25.78 and a one year high of $134.00. The stock has a 50-day moving average of $93.66 and a 200 day moving average of $88.16. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 502.19 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $345.10 million during the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.Kratos Defense & Security Solutions’s revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price objective on the stock. B. Riley Financial lifted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Truist Financial set a $135.00 price target on Kratos Defense & Security Solutions in a report on Friday, January 9th. Stifel Nicolaus raised their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Citizens Jmp lifted their price objective on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.28.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in KTOS. Royal Bank of Canada increased its holdings in Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after buying an additional 35,098 shares during the last quarter. Amundi bought a new position in Kratos Defense & Security Solutions in the first quarter worth approximately $791,000. NewEdge Advisors LLC boosted its stake in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 515 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Kratos Defense & Security Solutions by 11.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after acquiring an additional 41,265 shares during the period. Hedge funds and other 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.