Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Phillip Carrai Sells 6,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $47.83, for a total transaction of $310,895.00. Following the transaction, the insider directly owned 175,653 shares of the company’s stock, valued at approximately $8,401,482.99. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 0.1%

Shares of KTOS opened at $47.66 on Friday. The firm has a market cap of $8.95 billion, a P/E ratio of 280.35 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 12 month low of $43.09 and a 12 month high of $134.00. The stock’s 50 day moving average is $51.76 and its two-hundred day moving average is $60.76. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $458.80 million for the quarter, compared to analysts’ expectations of $410.36 million. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $104,807,000. Bank of New York Mellon Corp purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at $65,293,000. Bamco Inc. NY purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at $53,746,000. American Capital Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $51,338,000. Finally, Paradigm Capital Management Inc. NY acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $34,842,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KTOS shares. Piper Sandler raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 price objective on the stock in a research note on Wednesday, August 5th. Wedbush assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $99.00 to $82.00 in a research report on Friday, June 12th. Canaccord Genuity Group raised their price objective on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Kratos Defense & Security Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $98.06.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.