Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $131,520.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the sale, the insider now directly owns 106,906 shares of the company’s stock, valued at $3,515,069.28. This represents a 3.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $32.46 on Friday. 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 company has a market capitalization of $4.90 billion, a PE ratio of 324.63 and a beta of 1.10. The firm’s 50-day moving average is $29.62 and its two-hundred day moving average is $25.50. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.78 and a 12 month high of $35.66.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 9.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 77,658 shares of the aerospace company’s stock worth $2,049,000 after buying an additional 6,891 shares during the period. HighTower Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth approximately $238,000. Daiwa Securities Group Inc. increased its holdings in Kratos Defense & Security Solutions by 15.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 121,019 shares of the aerospace company’s stock valued at $3,192,000 after buying an additional 15,932 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $447,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kratos Defense & Security Solutions by 22.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,267 shares of the aerospace company’s stock worth $1,089,000 after buying an additional 7,683 shares during the last quarter. 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.