Phillip D. Carrai Sells 6,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.38, for a total transaction of $188,280.00. Following the completion of the transaction, the insider now owns 293,897 shares of the company’s stock, valued at approximately $9,222,487.86. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Up 4.8 %

Shares of NASDAQ:KTOS opened at $31.89 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.78 and a 52 week high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company’s fifty day moving average is $30.24 and its 200-day moving average is $26.83. The company has a market capitalization of $4.87 billion, a PE ratio of 318.93 and a beta of 1.12.

Analysts Set New Price Targets

KTOS has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. Summit Investment Advisors Inc. lifted its position in Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after buying an additional 490 shares in the last quarter. MRP Capital Investments LLC increased its stake in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 500 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after acquiring an additional 586 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.