Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Stacey Rock Sells 8,549 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 8,549 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $71.45, for a total transaction of $610,826.05. Following the sale, the insider owned 30,283 shares in the company, valued at $2,163,720.35. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Up 5.6%

Kratos Defense & Security Solutions stock traded up $3.99 during trading on Friday, reaching $75.39. The stock had a trading volume of 4,162,981 shares, compared to its average volume of 1,919,535. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57. The stock has a market cap of $12.73 billion, a PE ratio of 579.97 and a beta of 1.14. The business has a 50 day moving average price of $79.55 and a 200 day moving average price of $68.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The company’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent analyst reports. BNP Paribas Exane started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 price target on the stock. Citigroup reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, October 2nd. Stifel Nicolaus upped their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $72.00 to $105.00 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at about $32,000. Caitlin John LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $32,000. Whittier Trust Co. purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $38,000. Accredited Wealth Management LLC grew its holdings in Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 269 shares during the period. Finally, CI Investments Inc. raised its position in Kratos Defense & Security Solutions by 142.7% in the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 254 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

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.