Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $63,665.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.19, for a total transaction of $63,665.00. Following the completion of the sale, the insider now directly owns 290,118 shares of the company’s stock, valued at approximately $5,277,246.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $0.12 on Wednesday, hitting $17.75. 707,767 shares of the company were exchanged, compared to its average volume of 1,330,227. The company’s 50 day moving average price is $18.31 and its two-hundred day moving average price is $18.33. Kratos Defense & Security Solutions, Inc. has a one year low of $12.12 and a one year high of $21.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of -295.78 and a beta of 0.80.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to analysts’ expectations of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on KTOS. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Truist Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Benchmark boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Jefferies Financial Group cut their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Finally, The Goldman Sachs Group boosted their target price 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.14.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TFO Wealth Partners LLC increased its stake in Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 1,208 shares during the period. PNC Financial Services Group Inc. increased its stake in Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares during the period. NBC Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the first quarter worth about $33,000. Parkside Financial Bank & Trust grew its stake in Kratos Defense & Security Solutions by 100.0% during the first quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company’s stock worth $41,000 after buying an additional 1,000 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $47,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.