Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Stacey Rock Sells 8,549 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 8,549 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $71.45, for a total value of $610,826.05. Following the completion of the transaction, the insider owned 30,283 shares of the company’s stock, valued at approximately $2,163,720.35. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Up 5.6%

KTOS stock opened at $75.39 on Friday. The company’s 50 day moving average price is $79.55 and its 200 day moving average price is $68.12. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 579.97 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $112.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up 26.0% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Korea Investment CORP purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $3,572,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kratos Defense & Security Solutions by 13.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company’s stock worth $86,000 after buying an additional 335 shares during the last quarter. Walleye Capital LLC acquired a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $266,000. Comerica Bank raised its stake in Kratos Defense & Security Solutions by 3.3% during the 1st quarter. Comerica Bank now owns 130,697 shares of the aerospace company’s stock valued at $3,880,000 after acquiring an additional 4,196 shares during the last quarter. Finally, Corebridge Financial Inc. raised its stake in Kratos Defense & Security Solutions by 5.2% during the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock valued at $2,299,000 after acquiring an additional 3,860 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on KTOS. Canaccord Genuity Group raised their price target on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. KeyCorp assumed coverage on Kratos Defense & Security Solutions in a research note on Thursday. They set an “overweight” rating and a $90.00 target price for the company. JMP Securities increased their price target on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, October 2nd. Finally, Citigroup restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $82.53.

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.