Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $755,790.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, January 26th. The stock was sold at an average price of $107.97, for a total value of $755,790.00. Following the transaction, the insider directly owned 341,631 shares of the company’s stock, valued at $36,885,899.07. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Down 4.8%

Shares of NASDAQ KTOS opened at $103.01 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $134.00. The company has a market capitalization of $17.39 billion, a PE ratio of 792.45 and a beta of 1.09. The firm’s 50-day moving average is $90.91 and its two-hundred day moving average is $80.28.

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

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. TD Waterhouse Canada Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the second quarter worth about $31,000. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Finally, Accredited Wealth Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 269 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KTOS shares. BTIG Research boosted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, January 9th. BNP Paribas Exane set a $80.00 price target on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, Jones Trading assumed coverage on shares of Kratos Defense & Security Solutions in a report on Monday, January 5th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

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.