Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $181,720.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total value of $181,720.00. Following the completion of the transaction, the insider owned 46,243 shares in the company, valued at $2,100,819.49. This trade represents a 7.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $44.61 on Friday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $47.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock has a market capitalization of $6.84 billion, a PE ratio of 343.14 and a beta of 1.06. The stock has a 50-day simple moving average of $38.60 and a 200 day simple moving average of $33.10.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KTOS. Royal Bank Of Canada boosted their target price on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, June 30th. Truist Financial upped their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Benchmark upped their price target on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Stifel Nicolaus set a $54.00 price target on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $44.82.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the business. Costello Asset Management INC acquired a new position in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $29,000. Aspect Partners LLC raised its holdings in Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Kratos Defense & Security Solutions by 202.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.