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 stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.14, for a total value of $77,490.00. Following the transaction, the insider now directly owns 272,570 shares of the company’s stock, valued at $6,034,699.80. The sale was disclosed in a filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Up 4.4 %

NASDAQ:KTOS traded up $0.98 during trading hours on Wednesday, hitting $23.41. The stock had a trading volume of 1,964,061 shares, compared to its average volume of 1,143,975. The business has a 50 day simple moving average of $21.52 and a two-hundred day simple moving average of $20.06. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.98 and a 1-year high of $23.98. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.53 billion, a PE ratio of 69.22 and a beta of 1.02.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 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 EPS. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. BTIG Research began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a “neutral” rating on the stock. Royal Bank of Canada boosted their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. JMP Securities started coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. raised its holdings in shares of Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock worth $5,727,000 after purchasing an additional 165,356 shares during the period. Dimensional Fund Advisors LP raised its holdings in Kratos Defense & Security Solutions by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock worth $80,978,000 after purchasing an additional 195,615 shares in the last quarter. Comerica Bank boosted its stake in Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 42,817 shares in the last quarter. Swiss National Bank raised its stake in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock worth $5,286,000 after buying an additional 33,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth 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 period. Institutional investors own 75.92% of the company’s stock.

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.