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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $31.38, for a total value of $188,280.00. Following the sale, the insider now owns 293,897 shares of the company’s stock, valued at approximately $9,222,487.86. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $31.25 on Wednesday. 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’s 50 day moving average is $30.30 and its two-hundred day moving average is $26.89. The company has a market cap of $4.78 billion, a P/E ratio of 312.53 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.96 and a 12 month high of $35.66.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KTOS. B. Riley upgraded 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. Royal Bank of Canada reduced their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Robert W. Baird lifted their price target 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. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased 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 period. Hemington Wealth Management increased its position in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the period. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $39,000. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth approximately $55,000. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

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.