Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Sells 5,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scot Jarvis sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $118.28, for a total value of $591,400.00. Following the completion of the sale, the director owned 100,417 shares of the company’s stock, valued at approximately $11,877,322.76. The trade was a 4.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Trading Down 4.8%

NASDAQ KTOS traded down $5.15 on Friday, reaching $103.01. The company had a trading volume of 3,644,656 shares, compared to its average volume of 4,239,070. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $134.00. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 792.45 and a beta of 1.09. The stock’s 50 day moving average is $90.91 and its 200-day moving average is $80.28.

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

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth approximately $31,000. Bayforest Capital Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $32,000. Caitlin John LLC purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $32,000. Finally, Accredited Wealth Management LLC lifted its position in 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 buying an additional 269 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KTOS. Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Jones Trading started coverage on shares of Kratos Defense & Security Solutions in a report on Monday, January 5th. They set a “buy” rating for the company. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, January 9th. The Goldman Sachs Group increased their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently 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.