Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 4,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.74, for a total transaction of $150,960.00. Following the completion of the sale, the insider now owns 49,811 shares in the company, valued at $1,879,867.14. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Trading Up 0.3%

Shares of KTOS stock opened at $40.47 on Friday. The company has a market capitalization of $6.21 billion, a P/E ratio of 404.74 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $41.47. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $34.25 and a 200 day moving average price of $30.91.

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

Analyst Ratings Changes

Several analysts have issued reports on KTOS shares. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Royal Bank of Canada lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Benchmark lifted their target price on shares of 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. One equities 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 currently has an average rating of “Moderate Buy” and an average target price of $36.75.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Costello Asset Management INC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $29,000. Aspect Partners LLC boosted 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 valued at $30,000 after buying an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Kratos Defense & Security Solutions by 202.3% in the first 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 in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.