Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $400,680.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.24, for a total transaction of $400,680.00. Following the sale, the insider directly owned 344,090 shares of the company’s stock, valued at $19,695,711.60. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 1.6%

Shares of KTOS opened at $64.13 on Friday. The firm has a market capitalization of $12.03 billion, a P/E ratio of 377.24 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 12-month low of $35.88 and a 12-month high of $134.00. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $65.91 and a 200-day moving average price of $81.05.

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

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of KTOS. Alliancebernstein L.P. increased its holdings in shares of Kratos Defense & Security Solutions by 1,389.0% during the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after acquiring an additional 2,525,921 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Kratos Defense & Security Solutions by 7,701.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after acquiring an additional 1,573,123 shares in the last quarter. Norges Bank acquired a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $104,807,000. Westfield Capital Management Co. LP acquired a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at about $91,901,000. Finally, First Trust Advisors LP increased its holdings in shares of 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 in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Key Kratos Defense & Security Solutions News

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

• Positive Sentiment: Reports that the U.S. government may fund or take equity stakes in domestic drone makers have raised hopes that Kratos could benefit from stronger demand, policy support, and a more favorable growth outlook. Kratos And US Drone Funding Talks Could Reshape Growth And Risk Profile
• Positive Sentiment: Heavy call-option buying suggests traders are positioning for additional 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. While the sales can pressure sentiment, at least one was made under a pre-arranged 10b5-1 plan and does not necessarily indicate a change in fundamentals. Jonah Adelman insider sale details

Analysts Set New Price Targets

KTOS has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. BTIG Research lowered their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler lowered their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.