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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $72.11, for a total transaction of $432,660.00. Following the sale, the insider directly owned 204,968 shares in the company, valued at approximately $14,780,242.48. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Up 0.4%

KTOS stock traded up $0.31 during midday trading on Wednesday, hitting $70.67. The company’s stock had a trading volume of 2,073,977 shares, compared to its average volume of 3,592,417. The firm has a 50-day simple moving average of $84.95 and a 200-day simple moving average of $62.38. The firm has a market capitalization of $11.93 billion, a P/E ratio of 706.77 and a beta of 1.11. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $323.01 million. During the same period last year, the firm earned $0.11 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of KTOS. Advisory Services Network LLC increased its position in shares of Kratos Defense & Security Solutions by 10.0% during the third quarter. Advisory Services Network LLC now owns 8,364 shares of the aerospace company’s stock worth $764,000 after purchasing an additional 763 shares in the last quarter. Abel Hall LLC purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $348,000. Harvest Investment Services LLC grew its stake in Kratos Defense & Security Solutions by 10.7% during the 3rd quarter. Harvest Investment Services LLC now owns 134,629 shares of the aerospace company’s stock worth $12,301,000 after buying an additional 13,024 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in Kratos Defense & Security Solutions by 4.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,847 shares of the aerospace company’s stock worth $2,544,000 after buying an additional 1,105 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Kratos Defense & Security Solutions by 372.3% during the third quarter. NewEdge Advisors LLC now owns 7,156 shares of the aerospace company’s stock worth $654,000 after buying an additional 5,641 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on KTOS. Canaccord Genuity Group boosted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Finally, BNP Paribas Exane started coverage on Kratos Defense & Security Solutions in a report on Tuesday. They issued a “neutral” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $82.06.

Kratos Defense & Security Solutions Company Profile

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.