Phillip D. Carrai Sells 6,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

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 Monday, June 16th. The stock was sold at an average price of $42.16, for a total value of $252,960.00. Following the sale, the insider now directly owns 276,085 shares in the company, valued at $11,639,743.60. This trade represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS traded down $1.07 during trading hours on Wednesday, reaching $42.16. 3,116,397 shares of the company traded hands, compared to its average volume of 1,788,727. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $44.08. The stock has a market cap of $6.47 billion, a P/E ratio of 123.51 and a beta of 0.99. The firm's 50-day moving average is $36.06 and its 200-day moving average is $31.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

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

Analyst Upgrades and Downgrades

KTOS has been the topic of several research analyst reports. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Benchmark boosted their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Noble Financial boosted their price target on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after buying an additional 1,728,179 shares during the period. FMR LLC increased its holdings in Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after acquiring an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 25.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after acquiring an additional 530,599 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

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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