Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Stacey Rock Sells 4,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $65.47, for a total transaction of $261,880.00. Following the completion of the transaction, the insider directly owned 13,896 shares of the company’s stock, valued at $909,771.12. This trade represents a 22.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS 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 firm has a market capitalization of $12.03 billion, a PE ratio of 377.24 and a beta of 1.06. The firm has a 50-day moving average price of $65.91 and a 200 day moving average price of $81.05.

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 (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $25,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Atlantic Union Bankshares Corp lifted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the period. Whittier Trust Co. acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at approximately $38,000. Finally, Accredited Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock valued at $37,000 after buying an additional 269 shares during the period. 75.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on KTOS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Royal Bank Of Canada dropped their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Clear Str raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.28.

Key Kratos Defense & Security Solutions News

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

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.