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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total transaction of $181,720.00. Following the sale, the insider owned 46,243 shares of the company's stock, valued at $2,100,819.49. This trade represents a 7.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS traded up $1.33 on Friday, reaching $44.61. 2,147,465 shares of the company's stock traded hands, compared to its average volume of 2,008,004. The stock's 50 day simple moving average is $38.38 and its two-hundred day simple moving average is $32.93. The stock has a market cap of $6.84 billion, a PE ratio of 343.14 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $47.09. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $29,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions during the first quarter valued at $30,000. Aspect Partners LLC increased its position in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after buying an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after buying an additional 700 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $54.00 target price on shares of Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday. Royal Bank Of Canada raised their target price on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday. Finally, The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $44.82.

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.