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

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

Kratos Defense & Security Solutions Stock Down 4.0%

Kratos Defense & Security Solutions stock opened at $108.16 on Friday. The company has a market capitalization of $18.26 billion, a PE ratio of 832.06 and a beta of 1.09. 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, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The firm has a 50 day moving average price of $90.23 and a 200 day moving average price of $79.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate 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 return on equity of 3.14% and a net margin of 1.56%.The company’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

KTOS has been the subject of several recent research reports. The Goldman Sachs Group raised their price objective on shares of 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 restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. Citizens Jmp upped their price objective on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Finally, BTIG Research upped their price target on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.28.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Greenleaf Trust increased its holdings in shares of Kratos Defense & Security Solutions by 2.7% in the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock valued at $291,000 after acquiring an additional 100 shares during the last quarter. LVW Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 3.0% in the fourth quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 107 shares in the last quarter. Dupree Financial Group LLC increased its stake in Kratos Defense & Security Solutions by 0.7% in the fourth quarter. Dupree Financial Group LLC now owns 23,817 shares of the aerospace company’s stock valued at $1,808,000 after purchasing an additional 165 shares during the last quarter. CWM LLC raised its holdings 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 purchasing an additional 171 shares in the last quarter. Finally, Red Mountain Financial LLC lifted its position in shares of Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock worth $488,000 after buying an additional 200 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

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.