Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $131,520.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the sale, the insider now owns 106,906 shares of the company’s stock, valued at approximately $3,515,069.28. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $34.28 on Thursday. The stock’s fifty day moving average is $29.51 and its two-hundred day moving average is $25.45. The company has a market capitalization of $5.18 billion, a PE ratio of 342.83 and a beta of 1.10. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. During the same period last year, the company earned $0.08 EPS. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares in the last quarter. Wealth Quarterback LLC grew its position in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after buying an additional 528 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares in the last quarter. ORG Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after buying an additional 621 shares in the last quarter. Finally, Hemington Wealth Management grew its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KTOS shares. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. JMP Securities boosted their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.30.

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.