Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $261,880.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $65.47, for a total transaction of $261,880.00. Following the sale, the insider owned 13,896 shares in the company, valued at approximately $909,771.12. This trade represents a 22.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $64.13 on Monday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $35.88 and a 1 year high of $134.00. The firm’s 50 day moving average price is $65.91 and its 200 day moving average price is $81.06. The firm has a market cap of $12.03 billion, a P/E ratio of 377.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the business earned $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently made changes to their positions in the stock. Mission Wealth Management LP purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $1,828,000. M&T Bank Corp increased its stake 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 buying an additional 174,305 shares during the period. Victory Capital Management Inc. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth $21,013,000. JPMorgan Chase & Co. increased its stake in Kratos Defense & Security Solutions by 93.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock worth $88,170,000 after buying an additional 465,100 shares during the period. Finally, Barclays PLC increased its stake in Kratos Defense & Security Solutions by 16.3% during the 3rd quarter. Barclays PLC now owns 413,514 shares of the aerospace company’s stock worth $37,783,000 after buying an additional 57,906 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on KTOS. Royal Bank Of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Canaccord Genuity Group lifted their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. UBS Group reiterated a “neutral” rating and issued a $82.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Finally, Citizens Jmp decreased their price target on shares of 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional 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. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

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.