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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $20.19, for a total value of $70,665.00. Following the completion of the transaction, the insider now directly owns 286,587 shares in the company, valued at $5,786,191.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Trading Up 2.1 %

Shares of Kratos Defense & Security Solutions stock opened at $21.03 on Friday. The business has a 50-day moving average price of $18.30 and a 200-day moving average price of $18.67. Kratos Defense & Security Solutions, Inc. has a twelve month low of $12.88 and a twelve month high of $21.60. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 80.88 and a beta of 0.81. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Jefferies Financial Group cut 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. Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. The Goldman Sachs Group increased their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.14.

Get Our Latest Stock Report on KTOS

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Bamco Inc. NY raised its stake in Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after buying an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Kratos Defense & Security Solutions by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock worth $80,978,000 after buying an additional 195,615 shares during the period. FMR LLC boosted its position in Kratos Defense & Security Solutions by 56.4% during the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after acquiring an additional 1,091,380 shares in the last quarter. Finally, Hood River Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after acquiring an additional 1,331,499 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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