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 company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 265,499 shares of the company’s stock, 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 can be accessed through this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $24.42 on Friday. The company has a market cap of $3.69 billion, a P/E ratio of 244.22 and a beta of 1.02. 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 current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $21.93.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of KTOS. SG Americas Securities LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter worth about $160,000. Swiss National Bank grew its position in Kratos Defense & Security Solutions by 13.2% in the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock valued at $5,286,000 after acquiring an additional 33,500 shares during the period. Sei Investments Co. grew its position in Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after acquiring an additional 165,356 shares during the period. Avantax Advisory Services Inc. raised its stake in Kratos Defense & Security Solutions by 93.6% during the first quarter. Avantax Advisory Services Inc. now owns 27,266 shares of the aerospace company’s stock worth $501,000 after acquiring an additional 13,180 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 22.6% during the first quarter. ProShare Advisors LLC now owns 25,883 shares of the aerospace company’s stock valued at $476,000 after acquiring an additional 4,765 shares during the period. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KTOS shares. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. JMP Securities lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.40.

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.