Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Gap Down on Insider Selling

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) shares gapped down before the market opened on Wednesday after an insider sold shares in the company. The stock had previously closed at $90.22, but opened at $82.37. Kratos Defense & Security Solutions shares last traded at $76.2820, with a volume of 2,122,853 shares traded.

Specifically, CFO Deanna H. Lund sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $90.26, for a total transaction of $451,300.00. Following the completion of the sale, the chief financial officer directly owned 303,114 shares of the company’s stock, valued at approximately $27,359,069.64. This trade represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KTOS. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Raymond James Financial reissued a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, August 8th. BTIG Research upped their price target on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.36.

Kratos Defense & Security Solutions Trading Up 7.6%

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88. The business has a 50-day moving average price of $83.57 and a two-hundred day moving average price of $59.99. The firm has a market cap of $13.15 billion, a PE ratio of 778.88 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KTOS. Costello Asset Management INC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter worth $30,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at $30,000. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at $31,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at $32,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.