Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 6,603 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total transaction of $164,282.64. Following the sale, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $24.85 on Friday. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 355.00 and a beta of 1.02. The firm’s 50 day simple moving average is $22.88 and its 200 day simple moving average is $21.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $25.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. During the same period last year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Raymond James & Associates raised its position in shares of Kratos Defense & Security Solutions by 15.3% during the third quarter. Raymond James & Associates now owns 477,524 shares of the aerospace company’s stock worth $11,126,000 after purchasing an additional 63,473 shares during the period. Bleakley Financial Group LLC raised its holdings in Kratos Defense & Security Solutions by 3.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 138,686 shares of the aerospace company’s stock worth $3,231,000 after buying an additional 4,804 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Kratos Defense & Security Solutions in the third quarter valued at approximately $250,000. Creative Planning lifted its stake in Kratos Defense & Security Solutions by 8.7% in the third quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock valued at $621,000 after buying an additional 2,125 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 16.6% in the third quarter. ORG Partners LLC now owns 32,354 shares of the aerospace company’s stock valued at $754,000 after buying an additional 4,614 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating for the company. Finally, JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.