Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Sells $590,915.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $90.91, for a total transaction of $590,915.00. Following the transaction, the insider directly owned 213,325 shares in the company, valued at approximately $19,393,375.75. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock traded up $8.46 on Thursday, reaching $105.67. 5,152,239 shares of the company were exchanged, compared to its average volume of 3,191,862. Kratos Defense & Security Solutions, Inc. has a 1 year low of $23.90 and a 1 year high of $134.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30. The business has a 50-day moving average price of $95.97 and a 200 day moving average price of $83.80. The company has a market cap of $18.00 billion, a price-to-earnings ratio of 812.91 and a beta of 1.09.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp raised its position 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 purchasing an additional 380 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Kratos Defense & Security Solutions in the second quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $31,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $32,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KTOS. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a report on Monday, January 12th. B. Riley Financial boosted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. JonesTrading initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Monday, January 5th. They set a “buy” rating for the company. Stifel Nicolaus boosted their target price on shares of Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Citizens Jmp raised their price target on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $93.83.

Kratos Defense & Security Solutions Company Profile

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.