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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $42.16, for a total value of $252,960.00. Following the transaction, the insider now owns 276,085 shares of the company's stock, valued at approximately $11,639,743.60. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded up $0.95 during mid-day trading on Friday, hitting $43.11. 4,782,368 shares of the stock traded hands, compared to its average volume of 1,804,121. 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, Inc. has a twelve month low of $17.91 and a twelve month high of $44.13. The company has a market cap of $6.61 billion, a PE ratio of 331.64 and a beta of 0.99. The firm has a 50 day simple moving average of $36.47 and a two-hundred day simple moving average of $31.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for 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 business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Vontobel Holding Ltd. lifted its holdings in Kratos Defense & Security Solutions by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 15,742 shares of the aerospace company's stock worth $415,000 after buying an additional 6,226 shares during the period. Montag A & Associates Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.3% in the 4th quarter. Montag A & Associates Inc. now owns 11,999 shares of the aerospace company's stock worth $317,000 after acquiring an additional 4,869 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $573,000. Truist Financial Corp raised its position in shares of Kratos Defense & Security Solutions by 5.7% in the 4th quarter. Truist Financial Corp now owns 41,029 shares of the aerospace company's stock worth $1,082,000 after acquiring an additional 2,215 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $233,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Noble Financial increased their price target on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Benchmark lifted their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.78.

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.