Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $222,040.00 in Stock

Key Points

• Insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock for a total of $222,040, representing an 8.67% decrease in their ownership.
• Kratos reported a quarterly EPS of $0.12, exceeding analysts' expectations, with revenue increasing by 9.2% year-over-year.
• Recent analyst ratings on KTOS show a consensus rating of "Moderate Buy" with a target price of $50.08.

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 that occurred on Friday, August 1st. The stock was sold at an average price of $55.51, for a total transaction of $222,040.00. Following the sale, the insider directly owned 42,154 shares of the company's stock, valued at approximately $2,339,968.54. This trade represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded down $1.99 on Friday, hitting $56.71. The company's stock had a trading volume of 4,796,199 shares, compared to its average volume of 4,722,225. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock's 50 day moving average is $46.06 and its 200-day moving average is $36.60. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $61.43. The company has a market capitalization of $8.70 billion, a PE ratio of 436.26 and a beta of 1.04.

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, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings in Kratos Defense & Security Solutions by 3.8% in the 2nd quarter. CWM LLC now owns 4,722 shares of the aerospace company's stock valued at $219,000 after buying an additional 171 shares during the last quarter. Red Mountain Financial LLC raised its holdings in Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock worth $488,000 after purchasing an additional 200 shares during the last quarter. ORG Partners LLC raised its holdings in Kratos Defense & Security Solutions by 12.3% during the 2nd quarter. ORG Partners LLC now owns 2,432 shares of the aerospace company's stock worth $105,000 after purchasing an additional 267 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Kratos Defense & Security Solutions by 0.7% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 38,965 shares of the aerospace company's stock worth $1,810,000 after purchasing an additional 275 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 11.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,769 shares of the aerospace company's stock worth $129,000 after purchasing an additional 289 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KTOS has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank Of Canada upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. JMP Securities set a $70.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a "market outperform" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target 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 issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.08.

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.

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