Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 5.4% – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price fell 5.4% during mid-day trading on Tuesday . The company traded as low as $93.21 and last traded at $93.48. 2,004,070 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 4,182,600 shares. The stock had previously closed at $98.81.

Analyst Ratings Changes

KTOS has been the subject of a number of research reports. Truist Financial set a $135.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, January 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. B. Riley Financial upped their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Piper Sandler started coverage on Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.28.

Kratos Defense & Security Solutions Price Performance

The company has a market cap of $15.78 billion, a PE ratio of 719.13 and a beta of 1.09. The stock has a fifty day moving average price of $93.30 and a 200-day moving average price of $82.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco sold 200,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.09, for a total value of $14,818,000.00. Following the sale, the chief executive officer owned 1,196,237 shares of the company’s stock, valued at $88,629,199.33. The trade was a 14.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stacey G. Rock sold 16,568 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $116.74, for a total value of $1,934,148.32. Following the sale, the insider directly owned 26,487 shares of the company’s stock, valued at $3,092,092.38. This represents a 38.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 916,815 shares of company stock worth $75,023,021. Corporate insiders own 2.37% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. grew its stake in shares of Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after buying an additional 2,525,921 shares during the period. Rovida Advisors Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter valued at $82,315,000. Norges Bank purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter worth about $104,807,000. Franklin Resources Inc. raised its position in shares of Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after purchasing an additional 1,162,577 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $91,901,000. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

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.