Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells 31,348 Shares of Stock

by · The Cerbat Gem

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) insider Jonah Adelman sold 31,348 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total value of $1,788,716.88. Following the transaction, the insider directly owned 8,000 shares of the company’s stock, valued at approximately $456,480. This trade represents a 79.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded up $7.89 on Thursday, hitting $65.19. 11,302,738 shares of the stock traded hands, compared to its average volume of 4,329,751. The business’s fifty day moving average is $67.09 and its two-hundred day moving average is $81.26. Kratos Defense & Security Solutions, Inc. has a 12 month low of $35.88 and a 12 month high of $134.00. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 383.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the prior year, the company earned $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue was up 22.6% compared to the same quarter last year. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of recent research reports. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Canaccord Genuity Group lifted their price target on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, BNP Paribas Exane raised their target price on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.28.

View Our Latest Report on KTOS

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp grew its stake in shares of Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the last quarter. Vision Retirement LLC grew its stake in shares of Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth about $31,000. Finally, Caitlin John LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

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.

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