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 business’s stock in a transaction dated 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 directly owned 169,196 shares of the company’s stock, valued at $6,744,152.56. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $0.32 during trading hours on Friday, reaching $40.42. The stock had a trading volume of 5,510,696 shares, compared to its average volume of 4,798,642. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 237.76 and a beta of 1.11. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $37.84 and a fifty-two week high of $134.00. The firm has a 50-day moving average of $49.27 and a 200-day moving average of $54.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The company had revenue of $458.80 million for 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 firm’s revenue was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Guggenheim initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Monday, September 14th. They set a “buy” rating and a $74.00 price target for the company. Barclays started coverage on shares of Kratos Defense & Security Solutions in a research note on Friday, October 9th. They issued an “overweight” rating and a $90.00 price objective on the stock. BNP Paribas Exane raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating in a report on Thursday, October 8th. Canaccord Genuity Group upped their target price on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group decreased their target price on shares of Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating for the company in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.16.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $25,000. Vision Retirement LLC grew its stake in Kratos Defense & Security Solutions by 288.2% in 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 last quarter. Compass Financial Management LLC purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at about $34,000. Versant Capital Management Inc increased its holdings in Kratos Defense & Security Solutions by 61.9% during the 2nd quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 266 shares in the last quarter. Finally, IMG Wealth Management Inc. raised its position in Kratos Defense & Security Solutions by 427.0% during the first quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 427 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.