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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the completion of the sale, the insider now owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded up $0.15 during trading on Friday, reaching $22.87. 696,997 shares of the company’s stock traded hands, compared to its average volume of 1,119,391. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91. The company has a market capitalization of $3.45 billion, a P/E ratio of 324.57 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $23.48 and its 200 day moving average is $21.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities reiterated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $24.00 to $26.00 in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth approximately $264,000. Van ECK Associates Corp boosted its holdings in Kratos Defense & Security Solutions by 332.4% in the 1st quarter. Van ECK Associates Corp now owns 368,492 shares of the aerospace company’s stock valued at $6,773,000 after purchasing an additional 283,262 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after purchasing an additional 982 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Kratos Defense & Security Solutions by 12.7% during the 1st quarter. BNP Paribas Financial Markets now owns 228,059 shares of the aerospace company’s stock valued at $4,192,000 after purchasing an additional 25,703 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.