Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Stacey Rock Sells 4,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $61.03, for a total transaction of $244,120.00. Following the sale, the insider directly owned 17,897 shares of the company’s stock, valued at $1,092,253.91. This represents a 18.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 3.4%

KTOS stock opened at $59.56 on Thursday. The stock has a market capitalization of $11.16 billion, a P/E ratio of 458.19 and a beta of 1.22. The firm has a 50-day simple moving average of $79.38 and a 200-day simple moving average of $85.31. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. Kratos Defense & Security Solutions, Inc. has a 52 week low of $32.85 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $345.10 million during the quarter, compared to analysts’ expectations of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $25,000. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $32,000. Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $32,000. Atlantic Union Bankshares Corp lifted its holdings in shares of 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 worth $29,000 after acquiring an additional 380 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter worth approximately $38,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KTOS shares. Citizens Jmp boosted their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. Canaccord Genuity Group boosted their target price on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. KeyCorp boosted their target price 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, January 28th. The Goldman Sachs Group boosted their target price on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, B. Riley Financial upped their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.28.

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.