Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $2,038,050.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the completion of the transaction, the insider directly owned 309,087 shares of the company’s stock, valued at $17,998,136.01. This trade represents a 10.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $57.75 on Friday. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 339.71 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $62.36 and a 200 day moving average of $80.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate 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 firm posted $0.12 earnings per share. On average, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Piper Sandler cut their price target on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Citizens Jmp cut their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. BTIG Research cut their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Finally, Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.17.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Mcguire Capital Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp grew its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the last quarter. Vision Retirement LLC grew its holdings in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after buying an additional 317 shares during the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at $31,000. Finally, Caitlin John LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at $32,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.