Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Down 6.5% Following Insider Selling

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price traded down 6.5% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $70.27 and last traded at $72.41. 6,984,857 shares traded hands during mid-day trading, an increase of 93% from the average session volume of 3,624,078 shares. The stock had previously closed at $77.41.

Specifically, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $90.26, for a total value of $451,300.00. Following the completion of the sale, the chief financial officer owned 303,114 shares of the company’s stock, valued at approximately $27,359,069.64. The trade was a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday. Canaccord Genuity Group upped their price target on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.36.

Kratos Defense & Security Solutions Stock Performance

The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $12.22 billion, a P/E ratio of 724.17 and a beta of 1.11. The stock has a fifty day moving average of $83.25 and a 200-day moving average of $59.58.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.Kratos Defense & Security Solutions’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $29,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $30,000. TD Waterhouse Canada Inc. bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $31,000. Finally, Bayforest Capital Ltd bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $32,000. 75.92% of the stock is currently owned by institutional investors.

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.