Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report)’s stock price fell 1.3% on Monday . The stock traded as low as $57.37 and last traded at $57.73. 3,170,245 shares traded hands during trading, a decline of 28% from the average session volume of 4,384,135 shares. The stock had previously closed at $58.52.
Analysts Set New Price Targets
A number of research firms have recently commented on KTOS. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Piper Sandler dropped their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. UBS Group reaffirmed a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, BTIG Research reduced their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.28.
View Our Latest Analysis on KTOS
Kratos Defense & Security Solutions Stock Performance
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million for 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%. Kratos Defense & Security Solutions’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.
Insider Activity at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $63.74, for a total value of $318,700.00. Following the transaction, the chief financial officer owned 290,161 shares in the company, valued at $18,494,862.14. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider owned 8,000 shares of the company’s stock, valued at $456,480. This represents a 79.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 183,564 shares of company stock valued at $12,745,304 over the last 90 days. Company insiders own 1.50% of the company’s stock.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Mcguire Capital Advisors Inc. purchased a new position in Kratos Defense & Security Solutions during the 4th quarter worth $25,000. Atlantic Union Bankshares Corp boosted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares in the last quarter. Vision Retirement LLC boosted its holdings in Kratos Defense & Security Solutions by 288.2% in 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 in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $31,000. Finally, Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $32,000. 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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