Steven Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $107.97, for a total value of $755,790.00. Following the completion of the transaction, the insider owned 341,631 shares in the company, valued at $36,885,899.07. This represents a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded down $5.39 during trading on Wednesday, reaching $112.67. The company had a trading volume of 3,750,820 shares, compared to its average volume of 4,523,769. The firm’s 50 day simple moving average is $88.58 and its two-hundred day simple moving average is $79.50. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $134.00. 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 company has a market capitalization of $19.02 billion, a PE ratio of 866.76 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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. The business had revenue of $347.60 million during the quarter, compared to analysts’ expectations of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The firm’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Piper Sandler assumed coverage on Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $99.00 price objective for the company. 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. Canaccord Genuity Group increased their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 22nd. Finally, Citizens Jmp lifted their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.28.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth about $30,000. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the second quarter worth about $31,000. Bayforest Capital Ltd acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Kratos Defense & Security Solutions in the third quarter valued at approximately $32,000. Finally, Accredited Wealth Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 193.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds 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.