Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $62.10, for a total transaction of $310,500.00. Following the transaction, the chief financial officer directly owned 295,200 shares in the company, valued at $18,331,920. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Price Performance
Shares of NASDAQ:KTOS opened at $59.31 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. Kratos Defense & Security Solutions, Inc. has a 1-year low of $32.85 and a 1-year high of $134.00. The company has a market capitalization of $11.12 billion, a P/E ratio of 456.27 and a beta of 1.06. The firm's 50 day simple moving average is $77.79 and its two-hundred day simple moving average is $84.79.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The business had revenue of $345.10 million for the quarter, compared to the consensus estimate of $327.51 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company's revenue for the quarter was up 21.9% on a year-over-year basis. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. BTIG Research lifted their price target on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, February 24th. B. Riley Financial lifted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a "buy" rating in a report on Friday, January 9th. Jefferies Financial Group raised shares of Kratos Defense & Security Solutions from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Monday, April 6th. Truist Financial raised shares of Kratos Defense & Security Solutions to a "strong-buy" rating in a report on Friday, May 1st. Finally, Piper Sandler began coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They issued a "neutral" rating and a $99.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $98.28.
Check Out Our Latest Stock Analysis on KTOS
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Several hedge funds have recently modified their holdings of KTOS. Royal Bank of Canada lifted its holdings in shares of Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company's stock worth $5,655,000 after buying an additional 35,098 shares in the last quarter. Amundi purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter worth $791,000. NewEdge Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 64.4% in the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company's stock worth $39,000 after buying an additional 515 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Kratos Defense & Security Solutions by 178.0% in the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company's stock worth $108,000 after buying an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company's stock worth $11,686,000 after buying an additional 41,265 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.
Kratos Defense & Security Solutions Company Profile
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Get Free Report)
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.
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