Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Sells $526,600.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Up 5.4 %

Shares of NASDAQ:KTOS opened at $27.81 on Thursday. The company has a market cap of $4.25 billion, a price-to-earnings 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. The company has a 50-day moving average price of $29.89 and a 200 day moving average price of $26.39.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KTOS shares. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Royal Bank of Canada lowered their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Jefferies Financial Group lifted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus 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.