Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Jonah Adelman Sells 40,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Jonah Adelman sold 40,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the transaction, the insider now owns 39,348 shares in the company, valued at approximately $1,328,388.48. This trade represents a 50.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $34.39 on Friday. The firm’s 50 day moving average price is $32.26 and its two-hundred day moving average price is $29.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $36.85. The stock has a market cap of $5.28 billion, a PE ratio of 343.93 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the prior year, the business posted $0.11 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KTOS shares. Royal Bank of Canada boosted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Benchmark increased their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Finally, StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after acquiring an additional 1,728,179 shares during the last quarter. FMR LLC grew its holdings in Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after purchasing an additional 307,907 shares during the period. Ameriprise Financial Inc. increased its stake in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock valued at $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Franklin Resources Inc. increased its stake in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock valued at $82,204,000 after purchasing an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Kratos Defense & Security Solutions by 25.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company’s stock worth $77,480,000 after purchasing an additional 530,599 shares during the period. Institutional investors own 75.92% of the company’s stock.

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.