Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 6,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $51.42, for a total transaction of $308,520.00. Following the transaction, the insider owned 270,104 shares in the company, valued at approximately $13,888,747.68. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Performance

KTOS traded up $4.63 on Thursday, hitting $58.91. The company had a trading volume of 8,474,589 shares, compared to its average volume of 2,177,457. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $59.45. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 453.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The company's fifty day moving average price is $41.28 and its 200 day moving average price is $34.52.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on KTOS. Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a research note on Monday, June 30th. Noble Financial restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Monday. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Benchmark raised their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.25.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 129.0% in the second quarter. Farther Finance Advisors LLC now owns 893 shares of the aerospace company's stock valued at $41,000 after buying an additional 503 shares during the period. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $29,000. Larson Financial Group LLC bought a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Aspect Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after buying an additional 950 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth approximately $30,000. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.

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