Today, a Director at Kratos Defense (KTOS), Bandel Carano, sold shares of KTOS for $9.59M.
This is Carano’s first Sell trade following 13 Buy transactions. Following Bandel Carano’s last KTOS Sell transaction on August 08, 2018, the stock climbed by 6.3%.
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Based on Kratos Defense’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $188 million and quarterly net profit of $3.9 million. In comparison, last year the company earned revenue of $151 million and had a GAAP net loss of $7.7 million. KTOS’s market cap is $2.07B and the company has a P/E ratio of 152.13. Currently, Kratos Defense has an average volume of 1.15M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $25.40, reflecting a 34.1% upside.
The insider sentiment on Kratos Defense has been negative according to 15 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Kratos Defense & Security Solutions, Inc. engages in the provision of technology systems to the U.S. Department of Defense. It operates through the following segments: Kratos Government Solutions, Unmanned Systems and Public Safety & Security.
