Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction 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 completion of the transaction, the insider now owns 51,063 shares of the company's stock, valued at approximately $1,172,406.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kratos Defense & Security Solutions Price Performance
Shares of NASDAQ KTOS traded up $0.15 during mid-day trading on Friday, reaching $22.87. The company's stock had a trading volume of 697,367 shares, compared to its average volume of 758,131. The stock has a 50-day moving average of $23.48 and a two-hundred day 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. The stock has a market capitalization of $3.45 billion, a P/E ratio of 326.71 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.36 and a 1-year high of $25.91.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. Kratos Defense & Security Solutions's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.
Institutional Trading of Kratos Defense & Security Solutions
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock valued at $36,000 after acquiring an additional 1,226 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $264,000. Van ECK Associates Corp grew its stake in shares of Kratos Defense & Security Solutions by 332.4% in the 1st quarter. Van ECK Associates Corp now owns 368,492 shares of the aerospace company's stock valued at $6,773,000 after buying an additional 283,262 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 1.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company's stock worth $1,177,000 after buying an additional 982 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Kratos Defense & Security Solutions by 12.7% during the 1st quarter. BNP Paribas Financial Markets now owns 228,059 shares of the aerospace company's stock valued at $4,192,000 after buying an additional 25,703 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on KTOS shares. Truist Financial restated a "buy" rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark restated a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley downgraded Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and upped their target price for the stock from $24.00 to $26.00 in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Finally, JMP Securities restated a "market outperform" rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.10.
View Our Latest Stock Analysis on KTOS
About Kratos Defense & Security Solutions
(
Get Free Report)
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.
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