Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) dropped 2% during trading on Monday following insider selling activity. The company traded as low as $62.88 and last traded at $63.29. 3,432,868 shares were traded during mid-day trading, a decline of 23% from the average session volume of 4,476,052 shares. The stock had previously closed at $64.58.
Specifically, CEO Eric M. Demarco sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $64.33, for a total transaction of $19,299,000.00. Following the completion of the transaction, the chief executive officer directly owned 761,632 shares of the company’s stock, valued at $48,995,786.56. This trade represents a 28.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on KTOS. Truist Financial lowered their target price on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday. Cantor Fitzgerald cut their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. BTIG Research increased their price objective on Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citizens Jmp dropped 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 research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.47.
Kratos Defense & Security Solutions Stock Down 2.0%
The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54. The company has a market cap of $11.88 billion, a PE ratio of 372.29 and a beta of 1.08. The firm has a fifty day simple moving average of $52.48 and a 200 day simple moving average of $68.26.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The business had revenue of $458.80 million for the quarter, compared to analyst estimates of $410.36 million. During the same period in the prior year, the firm posted $0.11 EPS. The company’s revenue was up 30.5% on a year-over-year basis. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current year.
Institutional Trading of Kratos Defense & Security Solutions
Several institutional investors have recently made changes to their positions in the stock. Harbor Investment Advisory LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at about $25,000. Atlantic Union Bankshares Corp grew its position in Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the period. Vision Retirement LLC increased its stake in Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 317 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions during the second quarter worth about $31,000. 75.92% of the stock is owned by hedge funds and other institutional investors.
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.
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