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

Key Points

• Phillip Carrai, an insider at Kratos Defense & Security Solutions, sold 6,000 shares of the company on October 15th for a total value of $581,400, reducing their ownership by 2.33% to 252,041 shares.
• Kratos Defense & Security Solutions reported a 17.1% year-over-year revenue increase with $351.5 million in revenue for the last quarter, beating analysts' estimates.
• Analysts generally have a positive outlook on the stock, with the consensus rating at "Moderate Buy" and price targets increasing from $72.00 to $120.00 by various research firms.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip Carrai sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $96.90, for a total value of $581,400.00. Following the completion of the sale, the insider owned 252,041 shares of the company's stock, valued at $24,422,772.90. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $5.50 during trading hours on Friday, hitting $83.12. 6,296,832 shares of the stock traded hands, compared to its average volume of 3,626,073. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $77.29 and a 200 day simple moving average of $53.68. Kratos Defense & Security Solutions, Inc. has a one year low of $22.69 and a one year high of $112.57. The company has a market cap of $14.03 billion, a P/E ratio of 831.28 and a beta of 1.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. Kratos Defense & Security Solutions had a net margin of 1.20% and a return on equity of 3.10%. Kratos Defense & Security Solutions's revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $30,000. Aspect Partners LLC boosted its holdings in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares in the last quarter. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $30,000. Finally, TD Waterhouse Canada Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter valued at about $30,000. Institutional investors own 75.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $72.00 to $105.00 in a report on Wednesday, October 8th. Citigroup reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Thursday, October 2nd. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 2nd. Finally, Canaccord Genuity Group upped their price objective on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.36.

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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