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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $105.37, for a total value of $421,480.00. Following the completion of the sale, the insider directly owned 43,055 shares of the company’s stock, valued at approximately $4,536,705.35. This represents a 8.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Trading Up 3.7%

NASDAQ:KTOS traded up $4.16 during mid-day trading on Monday, reaching $117.86. The company’s stock had a trading volume of 5,031,134 shares, compared to its average volume of 2,686,098. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The stock has a market cap of $19.90 billion, a P/E ratio of 906.69 and a beta of 1.09. The company’s fifty day simple moving average is $78.68 and its two-hundred day simple moving average is $73.66. Kratos Defense & Security Solutions, Inc. has a twelve month low of $23.90 and a twelve month high of $119.63.

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, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same period in the prior year, the firm posted $0.11 EPS. The company’s revenue was up 26.0% on a year-over-year basis. On average, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on KTOS shares. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. KeyCorp started coverage on Kratos Defense & Security Solutions in a research note on Thursday, December 18th. They set an “overweight” rating and a $90.00 target price for the company. Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. B. Riley upped their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday. Finally, Citizens Jmp increased their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.72.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. CWM LLC grew its position in Kratos Defense & Security Solutions by 3.8% in the second quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock worth $219,000 after buying an additional 171 shares during the last quarter. Red Mountain Financial LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock worth $488,000 after acquiring an additional 200 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 15.2% during the second quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 200 shares during the period. USA Financial Formulas lifted its holdings in shares of Kratos Defense & Security Solutions by 15.7% during the third quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 225 shares during the last quarter. Finally, MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 11.1% in the 2nd quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 250 shares during the period. Institutional investors own 75.92% of the company’s stock.

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.