Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Jonah Adelman Sells 31,348 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Jonah Adelman sold 31,348 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total value of $1,788,716.88. Following the completion of the sale, the insider directly owned 8,000 shares in the company, valued at approximately $456,480. This represents a 79.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Up 13.8%

Shares of KTOS traded up $7.89 during mid-day trading on Thursday, reaching $65.19. The company had a trading volume of 11,302,738 shares, compared to its average volume of 4,329,751. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The firm has a 50-day moving average price of $67.09 and a 200 day moving average price of $81.26. Kratos Defense & Security Solutions, Inc. has a 52 week low of $35.88 and a 52 week high of $134.00. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 383.47 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Canaccord Genuity Group increased their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Citizens Jmp reduced their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. Finally, Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.28.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp lifted its position in Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares in the last quarter. Vision Retirement LLC lifted its position in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares in the last quarter. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $31,000. Finally, Caitlin John LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $32,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.