Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $70,315.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.09, for a total value of $70,315.00. Following the completion of the transaction, the insider now owns 276,091 shares of the company’s stock, valued at $5,546,668.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Trading Up 4.5 %

Kratos Defense & Security Solutions stock opened at $21.16 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 63.25 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 1 year low of $13.98 and a 1 year high of $22.96. The firm’s 50 day moving average price is $20.75 and its two-hundred day moving average price is $19.55.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC grew its position in Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. NBC Securities Inc. purchased a new position in Kratos Defense & Security Solutions during the 1st quarter worth approximately $33,000. PNC Financial Services Group Inc. grew its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KTOS. Royal Bank of Canada boosted their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. BTIG Research began coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating for the company. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Finally, Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

About Kratos Defense & Security Solutions

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.