Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $338,845.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $52.13, for a total transaction of $338,845.00. Following the transaction, the insider directly owned 221,550 shares of the company’s stock, valued at $11,549,401.50. The trade was a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $54.67 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The stock has a market capitalization of $10.25 billion, a P/E ratio of 321.59 and a beta of 1.06. The company has a 50 day moving average price of $69.67 and a 200 day moving average price of $82.00. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $34.17 and a fifty-two week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS. Equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock valued at $337,565,000 after purchasing an additional 148,622 shares in the last quarter. Morgan Stanley raised its holdings in shares of Kratos Defense & Security Solutions by 3.9% in the 4th quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock valued at $251,345,000 after purchasing an additional 124,607 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after purchasing an additional 698,778 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Kratos Defense & Security Solutions by 7.4% in the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock valued at $278,331,000 after purchasing an additional 209,189 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KTOS has been the subject of a number of research analyst reports. Citizens Jmp lowered their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research report on Friday, May 8th. BNP Paribas Exane increased their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Jefferies Financial Group set a $80.00 target price on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. BTIG Research reduced their target price on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, UBS Group reiterated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $96.28.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.