Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 6,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.16, for a total value of $252,960.00. Following the completion of the sale, the insider now directly owns 276,085 shares of the company’s stock, valued at approximately $11,639,743.60. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $42.16 on Thursday. The business has a fifty day simple moving average of $36.06 and a 200 day simple moving average of $31.71. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 324.33 and a beta of 0.99. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $44.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. Kratos Defense & Security Solutions’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday. Wall Street Zen lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Royal Bank Of Canada boosted their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Finally, Benchmark boosted their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Costello Asset Management INC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $29,000. Aspect Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $30,000. Larson Financial Group LLC bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 700 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.