Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Sells $156,240.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Bradley Boyd sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $52.08, for a total value of $156,240.00. Following the completion of the sale, the director directly owned 16,480 shares in the company, valued at approximately $858,278.40. The trade was a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Down 2.1%

Kratos Defense & Security Solutions stock opened at $54.67 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The stock has a market capitalization of $10.25 billion, a PE ratio of 321.59 and a beta of 1.06. The business has a 50 day simple moving average of $69.67 and a 200-day simple moving average of $82.00. Kratos Defense & Security Solutions, Inc. has a 12 month low of $34.17 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of several research analyst reports. Canaccord Genuity Group lifted their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Citizens Jmp decreased their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $96.28.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the business. Mcguire Capital Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $25,000. Atlantic Union Bankshares Corp boosted its position in Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the last quarter. Vision Retirement LLC grew its stake in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at about $31,000. Finally, Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.