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 stock was sold at an average price of $57.74, for a total transaction of $375,310.00. Following the completion of the sale, the insider owned 215,052 shares in the company, valued at approximately $12,417,102.48. The trade was a 2.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 KTOS stock opened at $56.16 on Thursday. The stock has a market cap of $10.53 billion, a P/E ratio of 330.35 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $61.58 and its two-hundred day simple moving average is $79.77.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $371.00 million for 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 business’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. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on KTOS shares. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Citizens Jmp decreased their target price on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research report on Friday, May 8th. UBS Group restated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. BNP Paribas Exane upped their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Clear Str upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.35.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in Kratos Defense & Security Solutions by 245.2% during the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock valued at $45,673,000 after purchasing an additional 427,396 shares during the last quarter. M&T Bank Corp grew its holdings in Kratos Defense & Security Solutions by 6,900.4% during the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock valued at $13,423,000 after purchasing an additional 174,305 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 435.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock valued at $3,265,000 after purchasing an additional 34,973 shares during the last quarter. Victory Capital Management Inc. bought a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $21,013,000. Finally, JPMorgan Chase & Co. grew its holdings in Kratos Defense & Security Solutions by 93.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after purchasing an additional 465,100 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

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.