Short Interest in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Decreases By 10.9%

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 2,300,000 shares, a drop of 10.9% from the March 15th total of 2,580,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is currently 1.7 days.

Kratos Defense & Security Solutions Trading Down 0.1 %

NASDAQ KTOS opened at $18.21 on Monday. The firm has a market capitalization of $2.72 billion, a PE ratio of -303.50 and a beta of 0.80. Kratos Defense & Security Solutions has a one year low of $12.12 and a one year high of $21.60. The company has a 50-day simple moving average of $18.31 and a 200-day simple moving average of $18.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The firm had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Kratos Defense & Security Solutions will post 0.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Jefferies Financial Group dropped their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group boosted their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Truist Financial lifted their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $21.14.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the sale, the chief financial officer now owns 214,765 shares of the company’s stock, valued at $4,295,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $17.34, for a total transaction of $121,380.00. Following the transaction, the insider now directly owns 352,641 shares in the company, valued at approximately $6,114,794.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief financial officer now owns 214,765 shares of the company’s stock, valued at $4,295,300. The disclosure for this sale can be found here. Insiders sold a total of 40,038 shares of company stock valued at $738,519 in the last ninety days. Corporate insiders own 2.17% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently bought and sold shares of KTOS. TFO Wealth Partners LLC grew its position in Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares in the last quarter. NBC Securities Inc. purchased a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $33,000. Parkside Financial Bank & Trust boosted its stake in shares of Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock valued at $41,000 after buying an additional 1,000 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth $47,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.