Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Phillip Carrai Sells 6,500 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip Carrai sold 6,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $90.91, for a total transaction of $590,915.00. Following the completion of the sale, the insider directly owned 213,325 shares of the company’s stock, valued at approximately $19,393,375.75. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kratos Defense & Security Solutions Stock Up 8.7%

NASDAQ KTOS traded up $8.46 during trading on Thursday, reaching $105.67. 5,152,239 shares of the company’s stock traded hands, compared to its average volume of 3,191,862. Kratos Defense & Security Solutions, Inc. has a 12-month low of $23.90 and a 12-month high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 812.91 and a beta of 1.09. The company’s 50 day simple moving average is $95.97 and its two-hundred day simple moving average is $83.80.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently modified their holdings of the business. Franklin Resources Inc. boosted its position in Kratos Defense & Security Solutions by 29.6% during the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after purchasing an additional 1,162,577 shares in the last quarter. ARK Investment Management LLC increased its position in shares of Kratos Defense & Security Solutions by 22.2% in the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after buying an additional 818,104 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after buying an additional 148,622 shares during the period. Morgan Stanley raised its stake in shares of Kratos Defense & Security Solutions by 3.9% during the 4th quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock worth $251,345,000 after buying an additional 124,607 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Kratos Defense & Security Solutions by 29.5% during the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after buying an additional 698,778 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on KTOS shares. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, January 9th. JonesTrading started coverage on Kratos Defense & Security Solutions in a research report on Monday, January 5th. They set a “buy” rating on the stock. BTIG Research lifted their price objective on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. UBS Group began coverage on Kratos Defense & Security Solutions in a report on Wednesday. They issued a “neutral” rating and a $79.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.83.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.