Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $421,480.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $105.37, for a total value of $421,480.00. Following the sale, the insider owned 43,055 shares in the company, valued at approximately $4,536,705.35. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Trading Up 1.5%

Kratos Defense & Security Solutions stock opened at $121.50 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $123.96. The stock has a market capitalization of $20.51 billion, a PE ratio of 934.69 and a beta of 1.09. The business’s fifty day moving average is $80.15 and its 200 day moving average is $74.51.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on KTOS. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday. Truist Financial set a $135.00 price objective on Kratos Defense & Security Solutions in a report on Friday, January 9th. Jones Trading started coverage on Kratos Defense & Security Solutions in a research report on Monday, January 5th. They set a “buy” rating for the company. Finally, Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. One investment 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 stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its stake in shares of Kratos Defense & Security Solutions by 15.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock worth $4,552,000 after buying an additional 13,345 shares in the last quarter. ARK Investment Management LLC grew its position in Kratos Defense & Security Solutions by 22.2% in the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock worth $209,382,000 after acquiring an additional 818,104 shares in the last quarter. Trivium Point Advisory LLC grew its position in Kratos Defense & Security Solutions by 25.0% in the second quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock worth $1,041,000 after acquiring an additional 4,483 shares in the last quarter. Alpha Wealth Funds LLC bought a new stake in Kratos Defense & Security Solutions during the second quarter worth approximately $227,000. Finally, Empowered Funds LLC purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at approximately $4,999,000. 75.92% of the stock is owned by 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.