Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Down 1.1% – Time to Sell?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) dropped 1.1% on Monday . The company traded as low as $82.07 and last traded at $83.69. Approximately 3,179,210 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 4,405,034 shares. The stock had previously closed at $84.62.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of analyst reports. Piper Sandler assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price target for the company. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Citizens Jmp increased their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a report on Monday, January 12th. KeyCorp raised their price target on shares of 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. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Kratos Defense & Security Solutions Trading Down 1.1%

The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. The firm has a market cap of $15.63 billion, a P/E ratio of 643.82 and a beta of 1.12. The firm’s 50-day simple moving average is $99.48 and its 200 day simple moving average is $87.71.

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

Insiders Place Their Bets

In related news, SVP Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $88.97, for a total value of $134,878.52. Following the completion of the sale, the senior vice president owned 67,926 shares of the company’s stock, valued at approximately $6,043,376.22. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott I. Anderson sold 15,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $89.11, for a total value of $1,336,650.00. Following the completion of the sale, the director owned 51,334 shares in the company, valued at $4,574,372.74. This represents a 22.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 371,500 shares of company stock valued at $34,664,848. Company insiders own 2.37% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp grew its stake in Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $31,000. Finally, Bayforest Capital Ltd bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. 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.