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

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

Kratos Defense & Security Solutions Stock Up 4.8 %

Shares of KTOS traded up $1.46 on Monday, hitting $31.89. 3,779,294 shares of the stock traded hands, compared to its average volume of 1,310,853. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The business has a 50 day simple moving average of $30.24 and a 200 day simple moving average of $26.83. 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 has a market capitalization of $4.87 billion, a PE ratio of 318.93 and a beta of 1.12.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of KTOS. Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the last quarter. Hemington Wealth Management boosted its stake in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $39,000. Capital Advisors Ltd. LLC purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KTOS shares. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

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.