Scot Jarvis Sells 5,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scot Jarvis sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $118.28, for a total value of $591,400.00. Following the completion of the sale, the director owned 100,417 shares of the company’s stock, valued at approximately $11,877,322.76. This trade represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Down 4.8%

Shares of NASDAQ:KTOS opened at $103.01 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $23.90 and a 12 month high of $134.00. The company’s 50-day moving average price is $90.91 and its two-hundred day moving average price is $80.49. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.39 billion, a P/E ratio of 792.45 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Caitlin John LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $32,000. Whittier Trust Co. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $38,000. Accredited Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 269 shares in the last quarter. Finally, CI Investments Inc. grew its position in shares of Kratos Defense & Security Solutions by 142.7% in the 3rd quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KTOS. Jones Trading assumed coverage on Kratos Defense & Security Solutions in a research note on Monday, January 5th. They set a “buy” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. BTIG Research lifted their price target on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Citizens Jmp lifted their target price on shares of 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. Finally, The Goldman Sachs Group upped their target price on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.