Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $535,990.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $76.57, for a total value of $535,990.00. Following the sale, the insider directly owned 318,435 shares in the company, valued at $24,382,567.95. This trade represents a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Down 0.1%

NASDAQ:KTOS traded down $0.07 during mid-day trading on Wednesday, hitting $75.91. 2,330,943 shares of the company’s stock traded hands, compared to its average volume of 1,921,342. The company has a fifty day moving average of $77.84 and a 200 day moving average of $70.46. 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, Inc. has a twelve month low of $23.90 and a twelve month high of $112.57. The company has a market capitalization of $12.82 billion, a P/E ratio of 583.97 and a beta of 1.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $0.11 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. acquired a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $31,000. Bayforest Capital Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $32,000. Finally, Twin Tree Management LP purchased a new position in Kratos Defense & Security Solutions in the first quarter valued at $37,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KTOS. KeyCorp initiated coverage on Kratos Defense & Security Solutions in a research note on Thursday, December 18th. They issued an “overweight” rating and a $90.00 price target on the stock. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Stifel Nicolaus upped their target price on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. BNP Paribas set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.