Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Sells 5,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scot Jarvis sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $118.28, for a total value of $591,400.00. Following the sale, the director directly owned 100,417 shares of the company’s stock, valued at approximately $11,877,322.76. This represents a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded down $5.15 on Friday, reaching $103.01. 3,644,656 shares of the company’s stock traded hands, compared to its average volume of 4,239,070. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The stock has a 50 day moving average price of $90.91 and a 200-day moving average price of $80.28. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 792.45 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business’s revenue was up 26.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KTOS. B. Riley boosted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. KeyCorp lifted their price target on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. BNP Paribas Exane set a $80.00 price objective on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. Stifel Nicolaus boosted their target price on shares of 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. Finally, BTIG Research increased their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KTOS. New York State Teachers Retirement System raised its position in Kratos Defense & Security Solutions by 6.3% during the fourth quarter. New York State Teachers Retirement System now owns 115,325 shares of the aerospace company’s stock valued at $8,754,000 after buying an additional 6,800 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $35,291,000. Wealthfront Advisers LLC raised its holdings in Kratos Defense & Security Solutions by 19.4% in the 4th quarter. Wealthfront Advisers LLC now owns 5,384 shares of the aerospace company’s stock valued at $409,000 after acquiring an additional 873 shares in the last quarter. Torren Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $39,000. Finally, M&T Bank Corp boosted its stake in Kratos Defense & Security Solutions by 7.3% in the 4th quarter. M&T Bank Corp now owns 2,711 shares of the aerospace company’s stock valued at $205,000 after buying an additional 185 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.