Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $69.59, for a total value of $487,130.00. Following the sale, the insider owned 358,023 shares in the company, valued at approximately $24,914,820.57. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $0.20 during midday trading on Thursday, hitting $67.90. The stock had a trading volume of 1,058,166 shares, compared to its average volume of 4,346,217. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 523.42 and a beta of 1.22. Kratos Defense & Security Solutions, Inc. has a 52 week low of $25.78 and a 52 week high of $134.00. The stock has a 50-day simple moving average of $91.44 and a 200 day simple moving average of $88.02. The company has a current ratio of 4.06, a quick ratio of 3.46 and a debt-to-equity ratio of 0.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The firm had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of analyst reports. Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, January 21st. They set a “neutral” rating and a $99.00 price target for the company. BTIG Research increased their target price on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus raised their target price on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, Citizens Jmp upped their price target on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.28.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its holdings in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the period. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth $31,000. Bayforest Capital Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Finally, Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.