Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $63,665.00 in Stock

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

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded up $0.12 during mid-day trading on Wednesday, hitting $17.75. 707,767 shares of the company traded hands, compared to its average volume of 1,330,227. Kratos Defense & Security Solutions, Inc. has a one year low of $12.12 and a one year high of $21.60. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of -295.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The stock has a fifty day moving average price of $18.31 and a 200-day moving average price of $18.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, February 13th. 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 $273.80 million for the quarter, compared to the consensus estimate of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. On average, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KTOS. JPMorgan Chase & Co. raised its stake in shares of Kratos Defense & Security Solutions by 22.5% during the first quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after acquiring an additional 29,108 shares in the last quarter. Raymond James & Associates increased its stake in shares of Kratos Defense & Security Solutions by 36.0% in the first quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after buying an additional 27,379 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Kratos Defense & Security Solutions by 32.4% in the first quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after buying an additional 190,343 shares during the period. MetLife Investment Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 54.0% in the first quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after buying an additional 22,960 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Kratos Defense & Security Solutions by 3.2% in the first quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after buying an additional 294,143 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. Truist Financial raised 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 report on Wednesday, January 10th. Jefferies Financial Group cut their price objective 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. Benchmark raised 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 report on Tuesday, February 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $21.14.

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.