Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report)’s stock price dropped 12.3% during trading on Wednesday. The stock traded as low as $35.71 and last traded at $35.96. Approximately 8,207,375 shares were traded during mid-day trading, an increase of 88% from the average daily volume of 4,357,783 shares. The stock had previously closed at $40.99.
Kratos Defense & Security Solutions News Summary
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
- Positive Sentiment: ARK Invest increased its Kratos stake by 34% in the second quarter, a vote of confidence from Cathie Wood’s firm. Cathie Wood Bought Kratos. A $12 Billion Fund Sold All of It. Who’s Right?
- Positive Sentiment: Despite lowering its price target, KeyBanc reportedly still sees about 83% upside. The article also notes Kratos has raised its revenue outlook twice, offering a potential fundamental counterpoint to the stock’s steep 2026 decline. Kratos Is Down 46% in 2026. KeyBanc Cut Its Target but Still Sees 83% Upside
- Neutral Sentiment: Kratos is expected to report quarterly results on Thursday, Nov. 5. The upcoming report could be an important catalyst, but the article provides no specific earnings expectations. Kratos Defense & Security Solutions Projected to Announce Quarterly Earnings on Thursday
- Negative Sentiment: Jericho Capital Asset Management, described as a $12 billion fund, sold all 2.65 million of its Kratos shares. The sizable exit contrasts with ARK’s buying and may weigh on sentiment. Cathie Wood Bought Kratos. A $12 Billion Fund Sold All of It. Who’s Right?
- Negative Sentiment: KeyCorp issued a pessimistic forecast for KTOS, adding to concerns ahead of earnings; the provided article details do not specify its price target or rationale. KeyCorp Issues Pessimistic Forecast for Kratos Defense & Security Solutions Stock Price
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Barclays started coverage on Kratos Defense & Security Solutions in a research note on Friday, October 9th. They set an “overweight” rating and a $90.00 price objective on the stock. Cantor Fitzgerald reduced their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. Truist Financial lowered their price objective on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group cut their price target on Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.65.
Kratos Defense & Security Solutions Stock Down 12.3%
The business’s 50-day moving average price is $44.58 and its 200-day moving average price is $63.96. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $6.75 billion, a PE ratio of 211.53 and a beta of 1.18.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.59 EPS for the current fiscal year.
Insider Transactions at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $48.50, for a total transaction of $48,500.00. Following the transaction, the senior vice president owned 61,200 shares in the company, valued at $2,968,200. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot Jarvis sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total transaction of $635,000.00. Following the completion of the transaction, the director owned 65,123 shares in the company, valued at $4,135,310.50. This trade represents a 13.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 373,013 shares of company stock worth $23,340,582. 1.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B&D White Capital Company LLC boosted its stake in shares of Kratos Defense & Security Solutions by 21,357.3% in the 3rd quarter. B&D White Capital Company LLC now owns 1,823,870 shares of the aerospace company’s stock valued at $77,861,000 after purchasing an additional 1,815,370 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $65,293,000. Bamco Inc. NY bought a new position in Kratos Defense & Security Solutions in the second quarter valued at about $53,746,000. American Capital Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $51,338,000. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $34,842,000. Institutional investors own 75.92% of the company’s stock.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.
Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.
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