Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) insider Steven Fendley sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $57.24, for a total transaction of $400,680.00. Following the completion of the sale, the insider owned 344,090 shares of the company’s stock, valued at approximately $19,695,711.60. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Stock Performance
NASDAQ KTOS opened at $64.13 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $35.88 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 377.24 and a beta of 1.06. The company has a fifty day moving average price of $65.91 and a 200-day moving average price of $81.05.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.12 earnings per share. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. BNP Paribas Exane increased their price target on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. UBS Group restated a “neutral” rating and set a $82.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Piper Sandler reduced their price target on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.
Check Out Our Latest Report on Kratos Defense & Security Solutions
Key Stories Impacting Kratos Defense & Security Solutions
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
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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