Steven Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Key Points

• Insider sale: Steven Fendley sold 7,000 Kratos shares for approximately $393,120 under a pre-arranged Rule 10b5-1 plan, reducing his holdings by 2.37% to 288,111 shares.
• Quarterly performance: Kratos reported adjusted earnings of $0.21 per share, beating estimates by $0.07, while revenue rose 30.5% year over year to $458.8 million.
• Market outlook: KTOS traded at $52.93 with 75.92% institutional ownership, while analysts maintained a consensus “Moderate Buy” rating and an average price target of $99.47.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $56.16, for a total value of $393,120.00. Following the transaction, the insider owned 288,111 shares in the company, valued at approximately $16,180,313.76. The trade was a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Trading Up 0.6%

NASDAQ:KTOS traded up $0.29 during trading hours on Wednesday, hitting $52.93. The company had a trading volume of 1,982,461 shares, compared to its average volume of 4,413,333. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 1 year low of $43.09 and a 1 year high of $134.00. The company has a 50-day moving average of $52.60 and a 200 day moving average of $65.95. The company has a market cap of $9.94 billion, a P/E ratio of 311.35 and a beta of 1.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $458.80 million during the quarter, compared to analysts' expectations of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. Kratos Defense & Security Solutions's revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co boosted its stake in shares of Kratos Defense & Security Solutions by 7.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company's stock worth $129,000 after purchasing an additional 115 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Kratos Defense & Security Solutions by 2.1% in the fourth quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company's stock valued at $449,000 after buying an additional 122 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company's stock valued at $148,000 after buying an additional 125 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Kratos Defense & Security Solutions by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 37,776 shares of the aerospace company's stock valued at $2,868,000 after buying an additional 153 shares during the period. Finally, Parallel Advisors LLC boosted its position in Kratos Defense & Security Solutions by 44.1% during the fourth quarter. Parallel Advisors LLC now owns 526 shares of the aerospace company's stock worth $40,000 after acquiring an additional 161 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KTOS shares. BNP Paribas Exane boosted their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Cantor Fitzgerald dropped their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, August 4th. Canaccord Genuity Group boosted their price target on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Piper Sandler upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to an "overweight" rating and set a $75.00 price objective on the stock in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Kratos Defense & Security Solutions from $100.00 to $89.00 and set a "buy" rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $99.47.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc NASDAQ: KTOS is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.

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