Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 3,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the sale, the insider now owns 265,499 shares in the company, valued at approximately $6,637,475. This trade represents a 1.30 % 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 Down 3.4 %

KTOS traded down $0.86 during trading on Friday, hitting $24.42. 1,394,467 shares of the stock were exchanged, compared to its average volume of 1,136,193. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.71 and a 1 year high of $28.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $21.93. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 244.22 and a beta of 1.02.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday. Truist Financial restated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities boosted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday. Benchmark restated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the business. Westwood Holdings Group Inc. purchased a new position in Kratos Defense & Security Solutions in the first quarter valued at about $46,177,000. Vanguard Group Inc. grew its stake in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 108.7% in the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after buying an additional 1,331,499 shares during the last quarter. Bamco Inc. NY boosted its stake in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Finally, Archon Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 1,102.5% in the 1st quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock valued at $8,280,000 after acquiring an additional 413,026 shares during the period. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.