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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $20.19, for a total value of $70,665.00. Following the sale, the insider now directly owns 286,587 shares in the company, valued at approximately $5,786,191.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $21.03 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 80.88 and a beta of 0.81. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.88 and a fifty-two week high of $21.60. The firm has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $18.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The firm had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. During the same period last year, the firm posted $0.01 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. The Goldman Sachs Group lifted their price objective on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their target price for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Finally, Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.14.

View Our Latest Stock Analysis on KTOS

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of KTOS. TFO Wealth Partners LLC boosted its holdings in Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $33,000. Headlands Technologies LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $47,000. Finally, EntryPoint Capital LLC increased its position in Kratos Defense & Security Solutions by 179.1% during the 1st quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 1,506 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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