Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 2.8% Following Insider Selling

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price dropped 2.8% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as $24.43 and last traded at $24.48. Approximately 335,226 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,154,429 shares. The stock had previously closed at $25.18.

Specifically, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the sale, the chief financial officer now owns 279,775 shares in the company, valued at $6,625,072. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Marie Mendoza sold 2,423 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total value of $60,575.00. Following the sale, the senior vice president now directly owns 59,453 shares in the company, valued at approximately $1,486,325. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.37, for a total value of $163,590.00. Following the sale, the insider now directly owns 363,417 shares in the company, valued at approximately $8,493,055.29. This trade represents 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.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research analyst reports. Truist Financial restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Kratos Defense & Security Solutions Price Performance

The company has a fifty day moving average of $22.07 and a 200-day moving average of $20.59. 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 stock has a market cap of $3.71 billion, a PE ratio of 72.81 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth $107,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $61,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $102,000. Creative Planning grew its stake in Kratos Defense & Security Solutions by 57.6% during the 2nd quarter. Creative Planning now owns 24,540 shares of the aerospace company’s stock worth $491,000 after buying an additional 8,969 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $302,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.