Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $393,120.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 24th. The shares were sold at an average price of $56.16, for a total value of $393,120.00. Following the completion of the sale, the insider directly owned 288,111 shares of the company’s stock, valued at approximately $16,180,313.76. This represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Trading Up 0.6%

NASDAQ KTOS traded up $0.29 during trading hours on Wednesday, hitting $52.93. 1,982,461 shares of the company’s stock were exchanged, compared to its average volume of 4,413,333. The business’s 50 day moving average is $52.60 and its 200-day moving average is $65.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54. Kratos Defense & Security Solutions, Inc. has a 12-month low of $43.09 and a 12-month high of $134.00. The firm has a market capitalization of $9.94 billion, a P/E ratio of 311.35 and a beta of 1.08.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The company had revenue of $458.80 million during the quarter, compared to analysts’ expectations of $410.36 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 30.5% on a year-over-year basis. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on KTOS shares. Wedbush assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 target price on the stock. Citizens Jmp dropped their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Stifel Nicolaus cut their price objective on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. The Goldman Sachs Group reduced their price objective on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. Finally, Truist Financial decreased their target price on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.47.

Check Out Our Latest Research Report on KTOS

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its holdings in Kratos Defense & Security Solutions by 5,429.2% in the 2nd quarter. California State Teachers Retirement System now owns 10,840,811 shares of the aerospace company’s stock valued at $540,523,000 after purchasing an additional 10,644,746 shares in the last quarter. Corient Private Wealth LLC lifted its stake in shares of Kratos Defense & Security Solutions by 7,701.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock worth $120,966,000 after purchasing an additional 1,573,123 shares in the last quarter. Norges Bank purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $104,807,000. Bank of New York Mellon Corp acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $65,293,000. Finally, Bamco Inc. NY acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $53,746,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

(Get Free Report)

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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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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