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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $39.86, for a total value of $259,090.00. Following the completion of the sale, the insider owned 169,196 shares of the company’s stock, valued at approximately $6,744,152.56. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 0.8%

Shares of KTOS traded down $0.32 during midday trading on Friday, reaching $40.42. 5,510,696 shares of the company were exchanged, compared to its average volume of 4,798,642. Kratos Defense & Security Solutions, Inc. has a 1-year low of $37.84 and a 1-year high of $134.00. The stock has a 50-day moving average price of $49.27 and a 200-day moving average price of $54.59. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 84.88 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KTOS. Paradigm Capital Management Inc. NY bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $34,842,000. Bamco Inc. NY bought a new position in Kratos Defense & Security Solutions during the second quarter worth $53,746,000. Ausbil Investment Management Ltd boosted its holdings in Kratos Defense & Security Solutions by 623.2% in the third quarter. Ausbil Investment Management Ltd now owns 40,339 shares of the aerospace company’s stock worth $1,722,000 after purchasing an additional 34,761 shares during the period. Principal Financial Group Inc. boosted its holdings in Kratos Defense & Security Solutions by 48.0% in the first quarter. Principal Financial Group Inc. now owns 1,056,872 shares of the aerospace company’s stock worth $74,520,000 after purchasing an additional 342,789 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 29.8% in the second quarter. Sequoia Financial Advisors LLC now owns 140,856 shares of the aerospace company’s stock worth $7,023,000 after purchasing an additional 32,315 shares during the period. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KTOS. BTIG Research lifted their price objective on Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group reduced their target price on Kratos Defense & Security Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Stifel Nicolaus decreased their price target on shares of Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Guggenheim started coverage on shares of Kratos Defense & Security Solutions in a research report on Monday, September 14th. They set a “buy” rating and a $74.00 price target for the company. Finally, BNP Paribas Exane upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $94.16.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense, and commercial applications. Its offerings support unmanned systems, satellite communications, space operations, missile defense, hypersonic programs, launch systems, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C5ISR) missions.

The company provides unmanned aerial, ground, and maritime systems, including target drones and other autonomous platforms used for testing, training, and operational missions.