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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded up $1.33 during trading hours on Friday, reaching $44.61. The stock had a trading volume of 2,147,465 shares, compared to its average volume of 2,013,788. The stock's fifty day simple moving average is $38.60 and its 200 day simple moving average is $33.10. 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, Inc. has a 12 month low of $17.91 and a 12 month high of $47.09. The firm has a market capitalization of $6.84 billion, a PE ratio of 343.14 and a beta of 1.06.

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

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in Kratos Defense & Security Solutions by 17.5% during the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock valued at $7,808,000 after purchasing an additional 44,048 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in Kratos Defense & Security Solutions by 27.4% during the first quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company's stock valued at $1,149,000 after purchasing an additional 8,319 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Kratos Defense & Security Solutions by 16.3% during the first quarter. Sequoia Financial Advisors LLC now owns 90,296 shares of the aerospace company's stock valued at $2,681,000 after purchasing an additional 12,638 shares during the last quarter. Veracity Capital LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at approximately $471,000. Finally, MinichMacGregor Wealth Management LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at approximately $5,726,000. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KTOS shares. Benchmark increased their target price on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Noble Financial increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

Kratos Defense & Security Solutions Company Profile

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.