Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider 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 that occurred on Tuesday, September 15th. The stock was sold at an average price of $47.83, for a total transaction of $310,895.00. Following the completion of the transaction, the insider owned 175,653 shares in the company, valued at $8,401,482.99. This trade represents a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 0.1%

Shares of NASDAQ KTOS traded up $0.07 during mid-day trading on Thursday, reaching $47.66. 3,627,657 shares of the company’s stock traded hands, compared to its average volume of 3,128,479. The stock has a market cap of $8.95 billion, a P/E ratio of 280.35 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. Kratos Defense & Security Solutions, Inc. has a 1-year low of $43.09 and a 1-year high of $134.00. The business has a 50-day simple moving average of $51.76 and a 200 day simple moving average of $60.76.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $458.80 million for the quarter, compared to analysts’ expectations of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group set a $105.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 28th. The Goldman Sachs Group reduced their target price on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Canaccord Genuity Group raised their target price on Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after buying an additional 148,622 shares during the period. Clearbridge Investments LLC boosted its stake in Kratos Defense & Security Solutions by 48.5% in the fourth quarter. Clearbridge Investments LLC now owns 1,458,084 shares of the aerospace company’s stock valued at $110,683,000 after acquiring an additional 476,049 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Kratos Defense & Security Solutions by 12.2% during the first quarter. Bank of New York Mellon Corp now owns 1,515,997 shares of the aerospace company’s stock worth $106,893,000 after purchasing an additional 164,607 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 66.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,525 shares of the aerospace company’s stock worth $106,162,000 after purchasing an additional 556,036 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $104,807,000. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.