Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $1,934,148.32 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 16,568 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the completion of the transaction, the insider directly owned 26,487 shares of the company’s stock, valued at $3,092,092.38. This represents a 38.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Trading Up 3.7%

KTOS traded up $4.16 during midday trading on Monday, reaching $117.86. 5,031,134 shares of the company were exchanged, compared to its average volume of 2,686,098. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $119.63. The stock has a market capitalization of $19.90 billion, a P/E ratio of 906.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The stock’s 50-day simple moving average is $78.68 and its 200 day simple moving average is $73.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of KTOS. Bayforest Capital Ltd acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $32,000. Whittier Trust Co. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $38,000. Accredited Wealth Management LLC lifted its stake in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in Kratos Defense & Security Solutions by 142.7% during the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 254 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KTOS has been the subject of several recent research reports. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 2nd. BTIG Research boosted their price objective on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. B. Riley lifted their price target on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Citizens Jmp increased their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research report on Monday. Finally, Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.72.

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.