Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 20,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the sale, the insider now owns 263,283 shares in the company, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Up 5.4 %

Shares of KTOS stock opened at $27.81 on Thursday. The company has a 50 day simple moving average of $29.89 and a two-hundred day simple moving average of $26.39. The stock has a market cap of $4.25 billion, a P/E 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 company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 631 shares during the period. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth approximately $53,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on 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. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Royal Bank of Canada lowered their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.