Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $63,665.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.19, for a total transaction of $63,665.00. Following the transaction, the insider now directly owns 290,118 shares of the company’s stock, valued at approximately $5,277,246.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $18.02 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $21.60. The business has a 50 day moving average price of $18.31 and a two-hundred day moving average price of $18.32.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Truist Financial upped their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Benchmark increased their target price on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price target on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Finally, Jefferies Financial Group lowered their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.14.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock valued at $246,824,000 after purchasing an additional 229,472 shares in the last quarter. BlackRock Inc. raised its stake in shares of Kratos Defense & Security Solutions by 3.6% in the 1st quarter. BlackRock Inc. now owns 11,312,186 shares of the aerospace company’s stock valued at $152,488,000 after purchasing an additional 396,408 shares in the last quarter. State Street Corp raised its stake in shares of Kratos Defense & Security Solutions by 11.8% in the 2nd quarter. State Street Corp now owns 6,217,807 shares of the aerospace company’s stock valued at $86,303,000 after purchasing an additional 656,295 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Kratos Defense & Security Solutions by 4.6% in the 4th quarter. Bamco Inc. NY now owns 4,302,756 shares of the aerospace company’s stock valued at $44,404,000 after purchasing an additional 190,000 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of Kratos Defense & Security Solutions by 2.5% in the 2nd quarter. Stephens Investment Management Group LLC now owns 4,211,326 shares of the aerospace company’s stock valued at $60,390,000 after purchasing an additional 103,772 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.