Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Jonah Adelman Sells 31,348 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Jonah Adelman sold 31,348 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider owned 8,000 shares of the company’s stock, valued at approximately $456,480. The trade was a 79.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $65.19 on Friday. The stock has a fifty day moving average of $66.49 and a 200-day moving average of $81.17. The firm has a market capitalization of $12.22 billion, a P/E ratio of 383.47 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 12-month low of $35.88 and a 12-month high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the company. BankChampaign National Association bought a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $276,000. Western Wealth Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $119,000. Cim Investment Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $236,000. Janus Henderson Group PLC lifted its position in Kratos Defense & Security Solutions by 3.7% during the first quarter. Janus Henderson Group PLC now owns 76,158 shares of the aerospace company’s stock worth $5,369,000 after purchasing an additional 2,700 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in Kratos Defense & Security Solutions by 1.3% during the first quarter. Arkadios Wealth Advisors now owns 45,437 shares of the aerospace company’s stock worth $3,204,000 after purchasing an additional 600 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Kratos Defense & Security Solutions

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: News that the U.S. government may fund or take equity stakes in domestic drone manufacturers has put Kratos in focus as a possible beneficiary of increased defense spending and industrial support. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: The stock saw heavy call-option buying, suggesting traders are positioning for further upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman, but the sales appear to be routine and were partly executed under a pre-arranged 10b5-1 plan. Jonah Adelman insider sale details

Wall Street Analysts Forecast Growth

Several research firms recently commented on KTOS. BNP Paribas Exane raised their price target on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Royal Bank Of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.28.

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.