Kratos Defense & Security Solutions (NASDAQ:KTOS) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler began coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research report sent to investors on Wednesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $99.00 target price on the aerospace company’s stock.

Several other research firms have also recently issued reports on KTOS. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. Stifel Nicolaus lifted their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JMP Securities upped their price objective on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 2nd. Finally, KeyCorp initiated coverage on Kratos Defense & Security Solutions in a report on Thursday, December 18th. They issued an “overweight” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.06.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $113.85 on Wednesday. Kratos Defense & Security Solutions has a 1 year low of $23.90 and a 1 year high of $134.00. The stock has a market capitalization of $19.22 billion, a PE ratio of 875.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The stock has a 50-day simple moving average of $86.04 and a 200-day simple moving average of $77.65.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. On average, analysts predict that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $74.80, for a total transaction of $2,244,000.00. Following the completion of the transaction, the insider owned 9,348 shares in the company, valued at approximately $699,230.40. This represents a 76.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stacey G. Rock sold 16,568 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $116.74, for a total transaction of $1,934,148.32. Following the transaction, the insider directly owned 26,487 shares of the company’s stock, valued at $3,092,092.38. This represents a 38.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 911,815 shares of company stock worth $74,226,491. 2.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in KTOS. TD Waterhouse Canada Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. Rakuten Securities Inc. purchased a new position in Kratos Defense & Security Solutions in the second quarter worth $31,000. Bayforest Capital Ltd acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. Caitlin John LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Finally, Accredited Wealth Management LLC grew 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 during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.