Phillip D. Carrai Sells 3,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.19, for a total transaction of $63,665.00. Following the completion of the transaction, the insider now owns 290,118 shares of the company’s stock, valued at approximately $5,277,246.42. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $17.61 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $12.12 and a 12 month high of $21.60. The company’s 50-day moving average price is $18.31 and its two-hundred day moving average price is $18.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The firm had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KTOS. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group increased their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Jefferies Financial Group dropped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $21.14.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KTOS. Loomis Sayles & Co. L P bought a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $36,937,000. Norges Bank bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $12,760,000. State Street Corp boosted its stake in shares of Kratos Defense & Security Solutions by 25.6% in the 1st quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock valued at $113,900,000 after purchasing an additional 1,134,464 shares during the last quarter. FMR LLC boosted its stake in shares of Kratos Defense & Security Solutions by 56.4% in the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after purchasing an additional 1,091,380 shares during the last quarter. Finally, Cooper Creek Partners Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 74.2% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company’s stock valued at $36,247,000 after purchasing an additional 1,027,715 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.