Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Bobbi Doorenbos Sells 2,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Bobbi Doorenbos sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $57.29, for a total transaction of $143,225.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at $716,125. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Up 13.8%

KTOS opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The company’s 50-day moving average is $66.49 and its 200 day moving average is $81.17. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $35.88 and a fifty-two week high of $134.00. The firm has a market capitalization of $12.22 billion, a P/E ratio of 383.47 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of KTOS. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp raised its position in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares during the period. Vision Retirement LLC raised its position 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 valued at $30,000 after purchasing an additional 317 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. Finally, Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $32,000. Institutional investors own 75.92% of the company’s stock.

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: News that the U.S. government may fund or take equity stakes in domestic drone manufacturers has put Kratos in focus as a possible beneficiary of increased defense spending and industrial support. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: The stock saw heavy call-option buying, suggesting traders are positioning for further upside tied to the drone-sector funding theme. Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)
• Neutral Sentiment: Several insiders recently sold shares, including director Bobbi Doorenbos and executives Steven S. Fendley and Jonah Adelman, but the sales appear to be routine and were partly executed under a pre-arranged 10b5-1 plan. Jonah Adelman insider sale details

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of research reports. Jefferies Financial Group set a $80.00 target price on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. BTIG Research reduced their target price on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Piper Sandler reduced their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.28.

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.