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 business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $31.38, for a total transaction of $188,280.00. Following the sale, the insider now owns 293,897 shares in the company, valued at approximately $9,222,487.86. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Trading Up 4.2 %

Shares of NASDAQ KTOS opened at $32.56 on Thursday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $30.37 and a two-hundred day simple moving average of $26.93. The firm has a market cap of $4.98 billion, a PE ratio of 325.63 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.03 and a twelve month high of $35.66.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of the company. WealthPlan Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $207,000. Lord Abbett & CO. LLC raised its stake in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after buying an additional 86,567 shares during the period. MRA Advisory Group acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 16,650 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KTOS shares. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Royal Bank of Canada cut their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.