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 the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,222,487.86. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Down 2.0 %

NASDAQ:KTOS opened at $31.25 on Wednesday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 312.53 and a beta of 1.12. 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 stock’s fifty day moving average price is $30.30 and its two-hundred day moving average price is $26.89. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.96 and a 52-week high of $35.66.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after purchasing an additional 701,216 shares during the period. FMR LLC grew its position in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after buying an additional 307,907 shares during the period. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after buying an additional 29,278 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock valued at $82,576,000 after buying an additional 203,245 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock valued at $82,204,000 after buying an additional 317,305 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KTOS shares. Jefferies Financial Group upped their price target 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. Truist Financial upped their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada lowered their price target on 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. One research analyst has rated the stock with a sell rating, three have assigned 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, the stock has an average rating of “Moderate Buy” and an average 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.