Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Phillip Carrai Sells 6,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $57.74, for a total transaction of $375,310.00. Following the transaction, the insider owned 215,052 shares in the company, valued at $12,417,102.48. The trade was a 2.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 0.3%

Shares of Kratos Defense & Security Solutions stock traded down $0.18 during trading on Wednesday, reaching $56.16. 3,115,352 shares of the company traded hands, compared to its average volume of 4,361,619. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. Kratos Defense & Security Solutions, Inc. has a 1-year low of $39.00 and a 1-year high of $134.00. The company has a 50 day moving average price of $61.58 and a 200-day moving average price of $79.77. The firm has a market capitalization of $10.53 billion, a PE ratio of 330.35 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Citizens Jmp decreased 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 report on Friday, May 8th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, April 21st. Finally, Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a report on Sunday, May 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $101.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares in the last quarter. Vision Retirement LLC boosted its holdings in Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at $31,000. Finally, Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. Institutional investors own 75.92% of the company’s stock.

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.