Stacey Rock Sells 4,675 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,675 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total value of $233,750.00. Following the completion of the transaction, the insider owned 9,600 shares in the company, valued at $480,000. This represents a 32.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $55.35 on Friday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $42.81 and a 12-month high of $134.00. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $10.38 billion, a PE ratio of 325.59 and a beta of 1.07. The stock has a 50-day moving average price of $56.64 and a 200-day moving average price of $77.67.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.

Key Stories Impacting Kratos Defense & Security Solutions

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

• Positive Sentiment: Kratos won an approximately $36 million sole-source contract for a new air defense missile system, adding a near-term revenue catalyst and reinforcing its position in defense modernization. Article Title
• Positive Sentiment: Wedbush upgraded Kratos Defense & Security Solutions (KTOS) to Strong Buy, which boosted investor confidence in the stock’s longer-term outlook. Article Title
• Positive Sentiment: Broader defense-sector enthusiasm, including renewed attention on drone and missile-defense names, has helped support sentiment in KTOS. Article Title
• Neutral Sentiment: Insiders Steven Fendley, Deanna H. Lund, and Stacey Rock disclosed stock sales, but each transaction was made under pre-arranged 10b5-1 plans, making them less informative about operational prospects. Article Title

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in shares of Kratos Defense & Security Solutions by 245.2% in the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock valued at $45,673,000 after acquiring an additional 427,396 shares during the last quarter. M&T Bank Corp grew its position in Kratos Defense & Security Solutions by 6,900.4% during the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock worth $13,423,000 after acquiring an additional 174,305 shares during the last quarter. New Age Alpha Advisors LLC grew its position in Kratos Defense & Security Solutions by 435.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock worth $3,265,000 after acquiring an additional 34,973 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $21,013,000. Finally, JPMorgan Chase & Co. increased its stake in Kratos Defense & Security Solutions by 93.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock worth $88,170,000 after purchasing an additional 465,100 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler dropped 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 report on Thursday, May 7th. Royal Bank Of Canada lowered their price target on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Canaccord Genuity Group lifted their price target on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Citizens Jmp cut their price objective on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $100.44.

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.