David Carter Sells 4,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Key Points

• David Carter, an insider at Kratos Defense & Security Solutions, sold 4,000 shares of the stock, valued at $274,800, reducing his ownership by 3.93%.
• The company's shares currently trade at $76.35 with a market cap of $12.89 billion, following a 17.1% increase in quarterly revenue year-over-year.
• Recent analyst ratings indicate a mix of sentiments, with one downgrade to "sell" while others maintain "buy" ratings, resulting in a consensus rating of "Moderate Buy" and an average price target of $57.64.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider David Carter sold 4,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $68.70, for a total value of $274,800.00. Following the completion of the sale, the insider directly owned 97,809 shares in the company, valued at approximately $6,719,478.30. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $5.61 during midday trading on Tuesday, reaching $76.35. 5,312,659 shares of the company's stock traded hands, compared to its average volume of 2,682,091. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 763.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. Kratos Defense & Security Solutions, Inc. has a one year low of $22.17 and a one year high of $76.62. The stock has a 50 day moving average of $62.23 and a 200 day moving average of $44.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The company's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KTOS. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. BTIG Research raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 target price on the stock in a report on Thursday, August 14th. Stifel Nicolaus increased their target price on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 21st. Cantor Fitzgerald reissued an "overweight" rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. Finally, The Goldman Sachs Group raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price on the stock in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $57.64.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock valued at $488,332,000 after buying an additional 1,728,179 shares in the last quarter. Franklin Resources Inc. grew its holdings in Kratos Defense & Security Solutions by 29.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company's stock valued at $236,268,000 after buying an additional 1,162,577 shares in the last quarter. ARK Investment Management LLC grew its holdings in Kratos Defense & Security Solutions by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company's stock valued at $209,382,000 after buying an additional 818,104 shares in the last quarter. Geode Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company's stock valued at $183,490,000 after buying an additional 301,135 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Kratos Defense & Security Solutions by 18.1% during the 2nd quarter. Invesco Ltd. now owns 2,837,005 shares of the aerospace company's stock valued at $131,779,000 after buying an additional 434,561 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.

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