Kratos Defense & Security Solutions Target of Unusually Large Options Trading (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) saw some unusual options trading activity on Friday. Investors purchased 3,759 call options on the stock. This is an increase of approximately 57% compared to the typical volume of 2,397 call options.

Wall Street Analyst Weigh In

KTOS has been the topic of several research reports. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a "market outperform" rating and a $27.00 price objective on the stock. Jefferies Financial Group cut their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 28th. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday. They set a "neutral" rating on the stock. Finally, Benchmark reissued a "buy" rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.50.

Insider Activity

In other news, insider Phillip D. Carrai sold 3,500 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.19, for a total value of $63,665.00. Following the completion of the transaction, the insider now owns 290,118 shares of the company's stock, valued at approximately $5,277,246.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Phillip D. Carrai sold 3,500 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.19, for a total value of $63,665.00. Following the completion of the transaction, the insider now owns 290,118 shares of the company's stock, valued at approximately $5,277,246.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley L. Boyd sold 1,720 shares of the business's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total transaction of $37,220.80. Following the completion of the sale, the director now directly owns 3,280 shares in the company, valued at $70,979.20. The disclosure for this sale can be found here. Insiders sold 159,720 shares of company stock valued at $3,391,521 in the last quarter. Company insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KTOS. TFO Wealth Partners LLC grew its position in shares of Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company's stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $33,000. PNC Financial Services Group Inc. grew 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 worth $36,000 after purchasing an additional 1,226 shares in the last quarter. EntryPoint Capital LLC grew its position in shares of Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company's stock worth $43,000 after purchasing an additional 1,506 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

KTOS traded up $0.04 on Friday, reaching $20.01. The company had a trading volume of 4,159,942 shares, compared to its average volume of 1,260,988. Kratos Defense & Security Solutions has a fifty-two week low of $13.13 and a fifty-two week high of $22.77. The stock has a market cap of $3.00 billion, a P/E ratio of 76.19 and a beta of 1.05. The company's fifty day moving average is $20.06 and its 200 day moving average is $19.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The business had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same quarter in the prior year, the business earned $0.01 EPS. Kratos Defense & Security Solutions's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts predict that Kratos Defense & Security Solutions will post 0.3 earnings per share for the current fiscal year.

About Kratos Defense & Security Solutions

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.