Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Phillip Carrai Sells 6,500 Shares

Key Points

• Insider sale: Phillip Carrai sold 6,500 Kratos shares for approximately $310,895 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 3.57% to 175,653 shares.
• Strong quarterly results: Kratos reported quarterly EPS of $0.21, beating estimates of $0.14, while revenue reached $458.8 million and rose 30.5% year over year.
• Analyst outlook remains positive: Analysts give KTOS a “Moderate Buy” consensus rating with an average price target of $98.06, well above the reported trading price near $47.66.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip Carrai sold 6,500 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $47.83, for a total value of $310,895.00. Following the transaction, the insider directly owned 175,653 shares in the company, valued at $8,401,482.99. The trade was a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded up $0.07 during midday trading on Thursday, reaching $47.66. The stock had a trading volume of 3,627,657 shares, compared to its average volume of 3,128,479. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. Kratos Defense & Security Solutions, Inc. has a 1-year low of $43.09 and a 1-year high of $134.00. The firm's fifty day simple moving average is $51.76 and its 200-day simple moving average is $60.76. The stock has a market capitalization of $8.95 billion, a P/E ratio of 280.35 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million during 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%.Kratos Defense & Security Solutions's revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. On average, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 29.8% during the second quarter. Sequoia Financial Advisors LLC now owns 140,856 shares of the aerospace company's stock worth $7,023,000 after buying an additional 32,315 shares during the last quarter. Engineers Gate Manager LP increased its stake in shares of Kratos Defense & Security Solutions by 53.2% in the 2nd quarter. Engineers Gate Manager LP now owns 6,885 shares of the aerospace company's stock valued at $343,000 after purchasing an additional 2,391 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $119,000. IFP Advisors Inc lifted its stake in shares of Kratos Defense & Security Solutions by 103.6% in the 2nd quarter. IFP Advisors Inc now owns 7,422 shares of the aerospace company's stock valued at $370,000 after acquiring an additional 3,777 shares during the last quarter. Finally, Allworth Financial LP raised its position in Kratos Defense & Security Solutions by 18.0% in the second quarter. Allworth Financial LP now owns 3,027 shares of the aerospace company's stock valued at $151,000 after purchasing an additional 462 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on KTOS shares. Wedbush started coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 30th. They set an "outperform" rating and a $85.00 target price on the stock. BTIG Research upped their price target on shares of Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Canaccord Genuity Group upped their price target on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Jefferies Financial Group set a $105.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $98.06.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.

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