Key Points
- Insider sale: Phillip Carrai sold 6,500 Kratos shares for approximately $259,090 under a pre-arranged Rule 10b5-1 trading plan, reducing his position by 3.7% while retaining 169,196 shares.
- Financial performance: Kratos reported quarterly EPS of $0.21, beating estimates of $0.14, while revenue rose 30.5% year over year to $458.8 million.
- Market outlook: Shares traded at $40.42, near their 12-month low, but analysts maintained a consensus “Moderate Buy” rating with an average price target of $94.16.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip Carrai sold 6,500 shares of the business's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $39.86, for a total transaction of $259,090.00. Following the completion of the transaction, the insider directly owned 169,196 shares of the company's stock, valued at $6,744,152.56. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Trading Down 0.8%
NASDAQ:KTOS traded down $0.32 on Friday, reaching $40.42. The stock had a trading volume of 5,510,696 shares, compared to its average volume of 4,798,642. The firm's fifty day moving average is $49.27 and its two-hundred day moving average is $54.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 237.76 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 12-month low of $37.84 and a 12-month high of $134.00.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The business had revenue of $458.80 million for the quarter, compared to the consensus estimate of $410.36 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company's quarterly revenue was up 30.5% compared to the same quarter last year. Equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.58 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on KTOS shares. Guggenheim initiated coverage on shares of Kratos Defense & Security Solutions in a report on Monday, September 14th. They issued a "buy" rating and a $74.00 target price for the company. Stifel Nicolaus cut their price target on shares of Kratos Defense & Security Solutions from $134.00 to $115.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Rothschild & Co Redburn assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 6th. They issued a "buy" rating and a $70.00 price target on the stock. Wedbush assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They set an "outperform" rating and a $85.00 price objective for the company. Finally, Canaccord Genuity Group boosted their price objective on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average target price of $94.16.
Read Our Latest Stock Report on KTOS
Institutional Trading of Kratos Defense & Security Solutions
Institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc lifted its holdings in shares of Kratos Defense & Security Solutions by 15.8% during the 1st quarter. AdvisorNet Financial Inc now owns 1,392 shares of the aerospace company's stock valued at $98,000 after acquiring an additional 190 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 3.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,035 shares of the aerospace company's stock worth $426,000 after purchasing an additional 205 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in Kratos Defense & Security Solutions by 2.6% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 9,936 shares of the aerospace company's stock worth $701,000 after buying an additional 250 shares in the last quarter. Versant Capital Management Inc boosted its position in Kratos Defense & Security Solutions by 61.9% in the 2nd quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company's stock valued at $35,000 after buying an additional 266 shares during the last quarter. Finally, Vision Retirement LLC grew its stake in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 317 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
(
Get Free Report)
Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense, and commercial applications. Its offerings support unmanned systems, satellite communications, space operations, missile defense, hypersonic programs, launch systems, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C5ISR) missions.
The company provides unmanned aerial, ground, and maritime systems, including target drones and other autonomous platforms used for testing, training, and operational missions.
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