Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 5.4% – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price traded down 5.4% on Tuesday . The stock traded as low as $93.21 and last traded at $93.48. 2,004,070 shares were traded during mid-day trading, a decline of 52% from the average session volume of 4,182,600 shares. The stock had previously closed at $98.81.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KTOS. Piper Sandler started coverage on Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 target price for the company. BTIG Research upped their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Citizens Jmp increased their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group boosted their target price on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, B. Riley Financial upped their price target on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.28.

Kratos Defense & Security Solutions Stock Performance

The business has a 50-day moving average of $93.30 and a 200 day moving average of $82.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The company has a market cap of $15.78 billion, a PE ratio of 719.13 and a beta of 1.09.

Insider Buying and Selling

In related news, Director William A. Hoglund sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.35, for a total transaction of $5,576,250.00. Following the completion of the sale, the director directly owned 147,193 shares in the company, valued at approximately $10,943,799.55. The trade was a 33.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonah Adelman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the completion of the transaction, the insider owned 9,348 shares in the company, valued at $699,230.40. The trade was a 76.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 916,815 shares of company stock valued at $75,023,021 in the last 90 days. 2.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of KTOS. Amalgamated Bank grew its stake in Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares in the last quarter. Mission Wealth Management LP purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $1,828,000. Baillie Gifford & Co. bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $19,048,000. ARK Investment Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after buying an additional 818,104 shares during the period. Finally, WCM Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $17,922,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.