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

Key Points

• Insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions at an average price of $67.78, decreasing his holdings by 2.22%.
• The company's quarterly earnings showed a 17.1% year-over-year revenue increase, reporting $351.50 million with an EPS of $0.11, surpassing analysts' expectations.
• Multiple brokerages have recently raised their target prices for Kratos Defense & Security Solutions stock, with some targets now set at $70.00, indicating growing optimism in the stock's performance.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $67.78, for a total transaction of $406,680.00. Following the completion of the transaction, the insider owned 264,074 shares in the company, valued at $17,898,935.72. This trade represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Down 0.9%

Shares of Kratos Defense & Security Solutions stock traded down $0.62 during trading on Friday, hitting $68.50. The company's stock had a trading volume of 2,866,758 shares, compared to its average volume of 4,628,925. Kratos Defense & Security Solutions, Inc. has a 52 week low of $20.37 and a 52 week high of $72.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43. The company has a fifty day simple moving average of $51.65 and a two-hundred day simple moving average of $38.84. The company has a market capitalization of $11.56 billion, a PE ratio of 685.07 and a beta of 1.04.

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

Analysts Set New Price Targets

Several brokerages recently commented on KTOS. Stifel Nicolaus upped their target price on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 22nd. JMP Securities set a $70.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a "market outperform" rating in a report on Tuesday, July 22nd. Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, BTIG Research raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.64.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Costello Asset Management INC purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter valued at $29,000. Aspect Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $30,000. Larson Financial Group LLC bought a new stake in shares of 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 in the 2nd quarter worth about $30,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

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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