Stacey G. Rock Sells 4,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the transaction, the insider now owns 51,063 shares in the company, valued at $1,172,406.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Trading Up 0.7 %

NASDAQ KTOS opened at $22.87 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of 326.71 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $16.36 and a fifty-two week high of $25.91. The stock has a 50 day simple moving average of $23.48 and a two-hundred day simple moving average of $21.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Wednesday. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Truist Financial restated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.10.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. bought a new position in Kratos Defense & Security Solutions in the first quarter worth about $46,177,000. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after purchasing an additional 1,331,499 shares during the period. Element Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $11,198,000. Finally, Bamco Inc. NY boosted its position in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.