Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 3,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $18.19, for a total transaction of $63,665.00. Following the completion of the transaction, the insider now owns 290,118 shares in the company, valued at $5,277,246.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Trading Down 0.8 %

Shares of NASDAQ KTOS opened at $17.61 on Friday. The company has a 50 day simple moving average of $18.31 and a 200 day simple moving average of $18.33. Kratos Defense & Security Solutions, Inc. has a 1 year low of $12.12 and a 1 year high of $21.60. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $273.80 million during the quarter, compared to analyst estimates of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Jefferies Financial Group dropped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Finally, Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Kratos Defense & Security Solutions by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company’s stock valued at $246,824,000 after buying an additional 229,472 shares during the last quarter. BlackRock Inc. increased its position in Kratos Defense & Security Solutions by 3.6% during the 1st quarter. BlackRock Inc. now owns 11,312,186 shares of the aerospace company’s stock valued at $152,488,000 after purchasing an additional 396,408 shares during the period. State Street Corp increased its position in Kratos Defense & Security Solutions by 11.8% during the 2nd quarter. State Street Corp now owns 6,217,807 shares of the aerospace company’s stock valued at $86,303,000 after purchasing an additional 656,295 shares during the period. Bamco Inc. NY increased its position in Kratos Defense & Security Solutions by 4.6% during the 4th quarter. Bamco Inc. NY now owns 4,302,756 shares of the aerospace company’s stock valued at $44,404,000 after purchasing an additional 190,000 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in Kratos Defense & Security Solutions by 2.5% during the 2nd quarter. Stephens Investment Management Group LLC now owns 4,211,326 shares of the aerospace company’s stock valued at $60,390,000 after purchasing an additional 103,772 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.