Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $233,750.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,675 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $50.00, for a total transaction of $233,750.00. Following the completion of the sale, the insider owned 9,600 shares in the company, valued at approximately $480,000. The trade was a 32.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $2.31 on Thursday, reaching $55.35. 6,700,834 shares of the company were exchanged, compared to its average volume of 4,618,605. The firm has a market capitalization of $10.38 billion, a PE ratio of 325.59 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $42.81 and a 12 month high of $134.00. The stock’s fifty day moving average price is $57.17 and its 200 day moving average price is $77.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same period last year, the business posted $0.12 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BNP Paribas Exane upped their price target on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Wedbush assumed coverage on Kratos Defense & Security Solutions in a research note on Tuesday. They issued an “outperform” rating and a $85.00 target price for the company. BTIG Research reduced their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Four investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $100.44.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its position in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the period. Vision Retirement LLC grew its position in Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $31,000. Finally, Murphy & Mullick Capital Management Corp raised its stake in Kratos Defense & Security Solutions by 115.4% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 225 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos won an approximate $36 million sole-source contract for a new air defense missile system, boosting backlog and revenue visibility.
• Positive Sentiment: Wedbush initiated coverage with Outperform and an $85 price target, signaling optimism about Kratos’ role in U.S. defense spending.
• Positive Sentiment: Kratos became the exclusive U.S. manufacturer for Elroy Air and signed an initial JV agreement with Barq Group, expanding growth opportunities. Article Title
• Positive Sentiment: Commentary linking KTOS to the proposed Golden Dome program is reinforcing expectations for long-term defense demand. Article Title
• Positive Sentiment: Strong results from AeroVironment lifted sentiment across defense names, including Kratos. Article Title
• Neutral Sentiment: Insider Steven Fendley sold 7,000 shares under a pre-arranged Rule 10b5-1 plan, which is worth watching but does not appear to signal a major change in fundamentals. Article Title

About Kratos Defense & Security Solutions

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.