Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells 6,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $26.51, for a total value of $159,060.00. Following the completion of the sale, the insider now owns 283,283 shares of the company’s stock, valued at approximately $7,509,832.33. This trade represents a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Trading Down 3.3 %

NASDAQ:KTOS opened at $26.88 on Friday. Kratos Defense & Security Solutions, Inc. has a 1-year low of $16.78 and a 1-year high of $35.66. The business’s 50-day moving average price is $29.89 and its two-hundred day moving average price is $26.39. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 268.83 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KTOS. Creative Planning grew its holdings in Kratos Defense & Security Solutions by 8.7% during the third quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock valued at $621,000 after purchasing an additional 2,125 shares during the period. US Bancorp DE raised its stake in Kratos Defense & Security Solutions by 56.8% during the 3rd quarter. US Bancorp DE now owns 17,717 shares of the aerospace company’s stock worth $413,000 after buying an additional 6,415 shares during the period. Stephens Inc. AR raised its stake in Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock worth $547,000 after buying an additional 3,839 shares during the period. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the period. Finally, Van ECK Associates Corp raised its stake in Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Van ECK Associates Corp now owns 889,562 shares of the aerospace company’s stock worth $21,358,000 after buying an additional 145,462 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.