Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $431,480.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $61.64, for a total transaction of $431,480.00. Following the sale, the insider directly owned 351,039 shares of the company’s stock, valued at $21,638,043.96. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $62.05 on Friday. The company has a 50-day moving average of $78.53 and a two-hundred day moving average of $85.16. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 477.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. Kratos Defense & Security Solutions, Inc. has a one year low of $32.85 and a one year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business 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 business earned $0.13 earnings per share. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. KeyCorp upped their price target on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Truist Financial set a $135.00 price objective on Kratos Defense & Security Solutions in a research note on Friday, January 9th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, B. Riley Financial lifted their target price on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $25,000. Atlantic Union Bankshares Corp raised its stake in shares of 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 purchasing an additional 380 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at about $31,000. Bayforest Capital Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $32,000. Finally, Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $32,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.