Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 4,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $91,840.00. Following the transaction, the insider now directly owns 51,063 shares of the company’s stock, valued at $1,172,406.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Trading Up 0.7 %

Kratos Defense & Security Solutions stock traded up $0.15 during trading hours on Friday, reaching $22.87. The company had a trading volume of 696,997 shares, compared to its average volume of 1,119,391. 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 12-month low of $16.36 and a 12-month high of $25.91. The company has a 50-day moving average price of $23.48 and a 200 day moving average price of $21.43. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 324.57 and a beta of 1.02.

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

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the period. Contravisory Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $30,000. PNC Financial Services Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at about $36,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KTOS shares. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $24.00 to $26.00 in a report on Wednesday. Finally, Robert W. Baird raised their price objective 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. Five investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.10.

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.