Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 6,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $26.51, for a total transaction of $159,060.00. Following the completion of the transaction, the insider now directly owns 283,283 shares in the company, valued at approximately $7,509,832.33. This represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $27.81 on Thursday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 278.13 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.78 and a 12-month high of $35.66. The firm’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.

Analyst Ratings Changes

KTOS has been the topic of several research analyst reports. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the business. Creative Planning lifted its stake in shares of Kratos Defense & Security Solutions by 8.7% in the 3rd quarter. Creative Planning now owns 26,665 shares of the aerospace company’s stock worth $621,000 after purchasing an additional 2,125 shares during the period. US Bancorp DE raised its position in Kratos Defense & Security Solutions by 56.8% during the third quarter. US Bancorp DE now owns 17,717 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 6,415 shares during the period. Stephens Inc. AR lifted its stake in Kratos Defense & Security Solutions by 19.5% in the third quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company’s stock worth $547,000 after purchasing an additional 3,839 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 19.5% in 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. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.