Cantor Fitzgerald Lowers Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $100.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price lowered by analysts at Cantor Fitzgerald from $115.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Cantor Fitzgerald’s price objective indicates a potential upside of 103.21% from the stock’s current price.

Several other equities analysts have also weighed in on KTOS. UBS Group reissued a “neutral” rating and issued a $82.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Piper Sandler decreased their target price on 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. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Citizens Jmp decreased their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $100.41.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $49.21 on Tuesday. The firm has a fifty day moving average of $52.63 and a two-hundred day moving average of $72.13. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 289.47 and a beta of 1.08. Kratos Defense & Security Solutions has a 52 week low of $43.09 and a 52 week high of $134.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating 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 company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. During the same quarter in the prior year, the business posted $0.12 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, equities research analysts predict that Kratos Defense & Security Solutions will post 0.48 EPS for the current year.

Insider Activity

In other news, CFO Deanna H. Lund sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $63.74, for a total transaction of $318,700.00. Following the sale, the chief financial officer owned 290,161 shares of the company’s stock, valued at $18,494,862.14. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $52.13, for a total value of $338,845.00. Following the transaction, the insider owned 221,550 shares in the company, valued at $11,549,401.50. This trade represents a 2.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 139,036 shares of company stock valued at $7,799,667. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the business. Ausbil Investment Management Ltd acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $296,000. Hennion & Walsh Asset Management Inc. lifted its stake in Kratos Defense & Security Solutions by 4.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 72,660 shares of the aerospace company’s stock valued at $3,623,000 after buying an additional 2,808 shares in the last quarter. Polianta Ltd bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $1,600,000. Assenagon Asset Management S.A. boosted its holdings in shares of Kratos Defense & Security Solutions by 80.2% in the second quarter. Assenagon Asset Management S.A. now owns 70,254 shares of the aerospace company’s stock valued at $3,503,000 after buying an additional 31,273 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $124,000. 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.