Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Sells 5,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Scot Jarvis sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $88.60, for a total value of $443,000.00. Following the sale, the director owned 85,417 shares of the company’s stock, valued at approximately $7,567,946.20. This represents a 5.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Trading Down 2.2%

NASDAQ KTOS traded down $1.93 during trading hours on Friday, hitting $87.53. 2,749,996 shares of the company’s stock were exchanged, compared to its average volume of 5,014,429. The firm has a market capitalization of $16.35 billion, a P/E ratio of 673.36 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The business’s 50 day moving average is $100.19 and its 200-day moving average is $86.57. Kratos Defense & Security Solutions, Inc. has a 12-month low of $25.78 and a 12-month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Mcguire Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its stake in Kratos Defense & Security Solutions by 7,600.0% in the 4th 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 in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $30,000. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $31,000. Finally, Bayforest Capital Ltd acquired a new position in Kratos Defense & Security Solutions in the third quarter worth $32,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BTIG Research lifted their target price on Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Citizens Jmp lifted their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research note on Monday, January 12th. 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 reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. Finally, UBS Group began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 18th. They set a “neutral” rating and a $79.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.28.

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.