Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 2.4% – Time to Sell?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped 2.4% during mid-day trading on Friday. The stock traded as low as $33.35 and last traded at $33.91. 4,988,056 shares changed hands during trading, an increase of 13% from the average session volume of 4,416,963 shares. The stock had previously closed at $34.75.

Analyst Ratings Changes

A number of equities analysts have recently commented on KTOS shares. KeyCorp cut their target price on shares of Kratos Defense & Security Solutions from $130.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Guggenheim decreased their price target on Kratos Defense & Security Solutions from $74.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday. Cantor Fitzgerald dropped their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, August 4th. BNP Paribas Exane upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 8th. Finally, Piper Sandler reduced their price target on shares of Kratos Defense & Security Solutions from $75.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.40.

Kratos Defense & Security Solutions Stock Performance

The stock’s fifty day simple moving average is $42.40 and its 200-day simple moving average is $61.01. The company has a market capitalization of $6.38 billion, a PE ratio of 282.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.87 and a current ratio of 5.42.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, November 5th. The aerospace company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. The firm had revenue of $471.80 million during the quarter, compared to analysts’ expectations of $471.40 million. Kratos Defense & Security Solutions had a net margin of 1.34% and a return on equity of 3.18%. Kratos Defense & Security Solutions’s revenue for the quarter was up 35.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.59 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, Director Scot Jarvis sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.50, for a total transaction of $635,000.00. Following the transaction, the director owned 65,123 shares of the company’s stock, valued at $4,135,310.50. This trade represents a 13.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,513 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.37, for a total value of $97,391.81. Following the completion of the transaction, the senior vice president owned 61,976 shares in the company, valued at $3,989,395.12. The trade was a 2.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 73,013 shares of company stock valued at $4,041,582 over the last 90 days. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Kratos Defense & Security Solutions by 0.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 129,665 shares of the aerospace company’s stock worth $5,535,000 after purchasing an additional 474 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in Kratos Defense & Security Solutions by 6.9% in the third quarter. Insigneo Advisory Services LLC now owns 5,582 shares of the aerospace company’s stock valued at $238,000 after acquiring an additional 360 shares during the period. Trivium Point Advisory LLC grew its holdings in shares of Kratos Defense & Security Solutions by 56.8% during the third quarter. Trivium Point Advisory LLC now owns 39,814 shares of the aerospace company’s stock valued at $1,700,000 after purchasing an additional 14,428 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Kratos Defense & Security Solutions by 52.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,388 shares of the aerospace company’s stock worth $828,000 after purchasing an additional 6,646 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 2.0% in the 3rd quarter. Gabelli Funds LLC now owns 22,774 shares of the aerospace company’s stock worth $972,000 after purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions is a defense technology company that develops products and services for U.S. government agencies, national security organizations, and allied governments. Its work spans unmanned systems, satellite communications, microwave electronics, command-and-control systems, and training and simulation. The company’s offerings include unmanned aerial vehicles and target drones, as well as systems and components used in space and satellite communications and other defense applications.