Kratos Defense & Security Solutions Sees Unusually Large Options Volume (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) saw unusually large options trading activity on Friday. Stock traders bought 3,759 call options on the company. This is an increase of 57% compared to the average daily volume of 2,397 call options.

Analyst Ratings Changes

KTOS has been the subject of several analyst reports. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday. They set a “neutral” rating for the company. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target for the company. Royal Bank of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Finally, Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the transaction, the senior vice president now directly owns 67,030 shares of the company’s stock, valued at approximately $1,218,605.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the transaction, the senior vice president now directly owns 67,030 shares of the company’s stock, valued at approximately $1,218,605.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $21.09, for a total transaction of $147,630.00. Following the transaction, the insider now directly owns 384,160 shares of the company’s stock, valued at $8,101,934.40. The disclosure for this sale can be found here. In the last three months, insiders sold 159,720 shares of company stock valued at $3,391,521. Company insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the business. 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 buying an additional 1,208 shares during the period. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 1,226 shares during the last quarter. NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions during the 1st quarter worth approximately $33,000. Headlands Technologies LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $47,000. Finally, EntryPoint Capital LLC boosted its stake in 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 acquiring an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 0.2 %

KTOS opened at $20.01 on Friday. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $3.00 billion, a PE ratio of 77.54 and a beta of 1.05. Kratos Defense & Security Solutions has a 1-year low of $13.13 and a 1-year high of $22.77. The firm has a 50-day moving average price of $20.06 and a two-hundred day moving average price of $19.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. As a group, equities analysts anticipate 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.