Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $69.59, for a total value of $487,130.00. Following the completion of the transaction, the insider owned 358,023 shares in the company, valued at $24,914,820.57. This represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Up 0.3%

KTOS traded up $0.20 during midday trading on Thursday, hitting $67.90. 1,058,166 shares of the company’s stock traded hands, compared to its average volume of 4,346,217. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The company has a market cap of $12.72 billion, a PE ratio of 523.42 and a beta of 1.22. The stock’s fifty day simple moving average is $91.44 and its 200-day simple moving average is $88.02. Kratos Defense & Security Solutions, Inc. has a one year low of $25.78 and a one year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same quarter in the prior year, the business posted $0.13 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Geode Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock valued at $337,565,000 after buying an additional 148,622 shares during the period. Morgan Stanley increased its stake in Kratos Defense & Security Solutions by 3.9% during the fourth quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock valued at $251,345,000 after acquiring an additional 124,607 shares during the period. First Trust Advisors LP increased its stake in Kratos Defense & Security Solutions by 29.5% during the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after acquiring an additional 698,778 shares during the period. Invesco Ltd. raised its holdings in Kratos Defense & Security Solutions by 7.4% in the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock valued at $278,331,000 after acquiring an additional 209,189 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 13.3% in the 2nd quarter. Hood River Capital Management LLC now owns 2,755,446 shares of the aerospace company’s stock worth $127,990,000 after acquiring an additional 324,140 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KTOS shares. JonesTrading started coverage on Kratos Defense & Security Solutions in a research report on Monday, January 5th. They issued a “buy” rating for the company. KeyCorp increased their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Piper Sandler assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price for the company. Finally, Truist Financial set a $135.00 price target on Kratos Defense & Security Solutions in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average price target of $98.28.

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.