Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $91,840.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the completion of the transaction, the insider now owns 51,063 shares in the company, valued at $1,172,406.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $22.87 on Monday. The business has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $21.52. The company has a market cap of $3.45 billion, a P/E ratio of 326.71 and a beta of 1.02. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.36 and a twelve month high of $25.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. PNC Financial Services Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $264,000. Van ECK Associates Corp boosted its stake in shares of Kratos Defense & Security Solutions by 332.4% during the first quarter. Van ECK Associates Corp now owns 368,492 shares of the aerospace company’s stock valued at $6,773,000 after purchasing an additional 283,262 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 982 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Kratos Defense & Security Solutions by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 228,059 shares of the aerospace company’s stock valued at $4,192,000 after buying an additional 25,703 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Truist Financial reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.10.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.