Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider David M. Carter Sells 4,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David M. Carter sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the sale, the insider now owns 106,906 shares in the company, valued at approximately $3,515,069.28. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $34.28 on Thursday. The stock has a 50-day moving average price of $29.51 and a 200-day moving average price of $25.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a market cap of $5.18 billion, a PE ratio of 342.83 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.78 and a 1 year high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $275.90 million during the quarter, compared to analysts’ expectations of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period in the prior year, the firm earned $0.08 EPS. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $55,000. Jones Financial Companies Lllp raised its position in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares during the last quarter. West Michigan Advisors LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $272,000. US Bancorp DE raised its position in Kratos Defense & Security Solutions by 19.5% in the 4th quarter. US Bancorp DE now owns 21,169 shares of the aerospace company’s stock worth $558,000 after buying an additional 3,452 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $1,156,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KTOS shares. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Jefferies Financial Group lifted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, JMP Securities raised their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.30.

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.