Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading Down 1.8% – Time to Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) traded down 1.8% during mid-day trading on Friday . The company traded as low as $56.91 and last traded at $57.75. 4,619,507 shares were traded during mid-day trading, an increase of 6% from the average session volume of 4,360,002 shares. The stock had previously closed at $58.78.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $99.00 to $82.00 in a research report on Friday. Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group lifted their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, BTIG Research lowered their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.17.

Kratos Defense & Security Solutions Stock Down 1.8%

The firm’s 50 day moving average price is $62.36 and its two-hundred day moving average price is $80.13. The company has a market cap of $10.83 billion, a P/E ratio of 339.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $63.74, for a total transaction of $318,700.00. Following the completion of the sale, the chief financial officer owned 290,161 shares in the company, valued at approximately $18,494,862.14. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $65.47, for a total transaction of $261,880.00. Following the sale, the insider owned 13,896 shares of the company’s stock, valued at $909,771.12. This trade represents a 22.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 217,564 shares of company stock worth $14,576,994 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp increased its stake in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC increased its stake in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $31,000. Finally, Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Institutional investors own 75.92% of the company’s stock.

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.