Bobbi Doorenbos Sells 2,500 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Bobbi Doorenbos sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.29, for a total transaction of $143,225.00. Following the completion of the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $716,125. The trade was a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Down 1.6%

KTOS stock opened at $64.13 on Friday. 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 quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 377.24 and a beta of 1.06. The company has a 50 day moving average of $65.91 and a two-hundred day moving average of $81.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. On average, equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KTOS. Citizens Jmp cut their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, UBS Group restated a “neutral” rating and set a $82.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $96.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp raised its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC raised its holdings in Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 317 shares during the period. Rakuten Securities Inc. bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $31,000. Finally, Caitlin John LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $32,000. Institutional investors own 75.92% of the company’s stock.

Key Stories Impacting Kratos Defense & Security Solutions

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

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.