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 business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $57.74, for a total transaction of $375,310.00. Following the sale, the insider owned 215,052 shares in the company, valued at approximately $12,417,102.48. This trade represents a 2.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 traded down $0.18 during mid-day trading on Wednesday, reaching $56.16. 3,115,352 shares of the company’s stock traded hands, compared to its average volume of 4,361,619. Kratos Defense & Security Solutions, Inc. has a 12 month low of $39.00 and a 12 month high of $134.00. The company has a market cap of $10.53 billion, a P/E ratio of 330.35 and a beta of 1.04. The company’s 50-day moving average price is $61.58 and its 200-day moving average price is $79.77. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the company posted $0.12 EPS. Kratos Defense & Security Solutions’s revenue was up 22.6% on a year-over-year basis. On average, equities analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KTOS shares. Cantor Fitzgerald reissued an “overweight” rating and set a $115.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Canaccord Genuity Group lifted their price target on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 10th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $99.00 to $82.00 in a research report on Friday, June 12th. Finally, Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $101.35.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the business. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp grew its stake in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 380 shares during the period. Vision Retirement LLC grew its stake in shares of Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Rakuten Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $31,000. Finally, Caitlin John LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.