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 firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $57.24, for a total value of $400,680.00. Following the completion of the transaction, the insider owned 344,090 shares of the company’s stock, valued at approximately $19,695,711.60. This represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 13.8%

Shares of NASDAQ KTOS opened at $65.19 on Friday. The business has a 50-day simple moving average of $66.49 and a two-hundred day simple moving average of $81.17. Kratos Defense & Security Solutions, Inc. has a 52 week low of $35.88 and a 52 week high of $134.00. The company has a market cap of $12.22 billion, a P/E ratio of 383.47 and a beta of 1.06. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Citizens Jmp lowered their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. Piper Sandler lowered their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Finally, Jefferies Financial Group set a $80.00 price target on Kratos Defense & Security Solutions in a report on Sunday, May 10th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: News that the U.S. government may fund or take equity stakes in domestic drone manufacturers has put Kratos in focus as a possible beneficiary of increased defense spending and industrial support. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: The stock saw heavy call-option buying, suggesting traders are positioning for further upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman, but the sales appear to be routine and were partly executed under a pre-arranged 10b5-1 plan. Jonah Adelman insider sale details

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of the company. BankChampaign National Association purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $276,000. Western Wealth Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $119,000. Cim Investment Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $236,000. Janus Henderson Group PLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.7% during the 1st quarter. Janus Henderson Group PLC now owns 76,158 shares of the aerospace company’s stock valued at $5,369,000 after buying an additional 2,700 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Kratos Defense & Security Solutions by 1.3% during the 1st quarter. Arkadios Wealth Advisors now owns 45,437 shares of the aerospace company’s stock valued at $3,204,000 after buying an additional 600 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.