Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider David Carter sold 4,000 shares of the business's stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $76.30, for a total transaction of $305,200.00. Following the transaction, the insider owned 85,809 shares in the company, valued at approximately $6,547,226.70. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Kratos Defense & Security Solutions Stock Performance
NASDAQ:KTOS opened at $77.03 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $112.57. The firm has a 50-day moving average price of $83.37 and a two-hundred day moving average price of $66.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 592.58 and a beta of 1.14.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company's revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. CWM LLC lifted its position in shares of Kratos Defense & Security Solutions by 3.8% during the second quarter. CWM LLC now owns 4,722 shares of the aerospace company's stock worth $219,000 after acquiring an additional 171 shares in the last quarter. Red Mountain Financial LLC lifted its holdings in Kratos Defense & Security Solutions by 1.9% during the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock worth $488,000 after purchasing an additional 200 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company's stock worth $70,000 after purchasing an additional 200 shares during the period. USA Financial Formulas boosted its stake in Kratos Defense & Security Solutions by 15.7% in the 3rd quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company's stock worth $152,000 after purchasing an additional 225 shares during the period. Finally, MRP Capital Investments LLC grew its holdings in Kratos Defense & Security Solutions by 11.1% during the 2nd quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company's stock valued at $116,000 after buying an additional 250 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on KTOS. Jefferies Financial Group restated a "hold" rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Stifel Nicolaus increased their price target on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. B. Riley cut shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and boosted their target price for the company from $72.00 to $105.00 in a research note on Wednesday, October 8th. Finally, Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.06.
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Kratos Defense & Security Solutions Company Profile
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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.
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