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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,000 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $96.90, for a total value of $581,400.00. Following the sale, the insider owned 252,041 shares in the company, valued at $24,422,772.90. The trade was a 2.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Down 6.2%

NASDAQ KTOS opened at $83.12 on Friday. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $77.67 and a two-hundred day moving average of $54.21. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 831.28 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52 week low of $22.69 and a 52 week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. The business had revenue of $351.50 million for the quarter, compared to the consensus estimate of $305.67 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KTOS shares. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, October 2nd. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the stock from $72.00 to $105.00 in a research note on Wednesday, October 8th. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark lifted their target price on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.36.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.8% in the second quarter. CWM LLC now owns 4,722 shares of the aerospace company’s stock valued at $219,000 after acquiring an additional 171 shares in the last quarter. Red Mountain Financial LLC raised its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the 2nd quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company’s stock valued at $488,000 after purchasing an additional 200 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 15.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 200 shares during the period. USA Financial Formulas boosted its stake in shares of Kratos Defense & Security Solutions by 15.7% during the third quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 225 shares in the last quarter. Finally, MRP Capital Investments LLC increased its holdings in Kratos Defense & Security Solutions by 11.1% during the second quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company’s stock valued at $116,000 after buying an additional 250 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.