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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $89.07, for a total transaction of $578,955.00. Following the completion of the sale, the insider directly owned 234,292 shares of the company’s stock, valued at $20,868,388.44. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS traded down $2.27 during trading hours on Wednesday, hitting $93.04. 2,840,597 shares of the stock traded hands, compared to its average volume of 4,419,156. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 715.75 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 1 year low of $25.78 and a 1 year high of $134.00. The stock has a 50 day moving average price of $100.25 and a 200 day moving average price of $87.18. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $345.10 million during the quarter, compared to analysts’ expectations of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The company’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Bayforest Capital Ltd purchased a new position in Kratos Defense & Security Solutions during the 3rd quarter worth $32,000. Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at $32,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after buying an additional 380 shares during the period. Finally, Whittier Trust Co. purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $38,000. Institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on KTOS shares. The Goldman Sachs Group boosted their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. BNP Paribas Exane set a $80.00 target price on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. JonesTrading assumed coverage on Kratos Defense & Security Solutions in a report on Monday, January 5th. They set a “buy” rating on the stock. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Finally, Canaccord Genuity Group boosted their price objective on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.28.

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.