SAN DIEGO, CA – Phillip D. Carrai, President of the STC Division at Kratos Defense (NASDAQ:KTOS) & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 3,500 shares of the company's common stock, according to a new SEC filing. The sale, which took place on April 15, totaled approximately $63,652, with shares sold at a weighted average price of $18.1863. The price range for these transactions varied from $18.05 to $18.33.
Carrai's transaction was conducted under a 10b5-1 trading plan, a pre-arranged stock trading plan set up on September 15, 2023, for the systematic selling of shares. Following the sale, Carrai still holds a substantial number of shares in the company. The filing noted that his direct holdings amount to 290,118 shares, which includes 11,385 shares purchased through the company's Employee Stock Purchase Plan and approximately 4,009 shares held in the company's 401(k) Plan. In addition, Carrai indirectly owns 46,644 shares by trust.
The sale was publicly disclosed in an SEC Form 4 filing, which provides transparency into the transactions of company insiders. It offers investors a glimpse into the actions of those with in-depth knowledge of the company, although such sales and purchases can be influenced by a variety of personal financial considerations.
Investors and market watchers often monitor insider transactions as they can provide valuable insights into a company's prospects or the confidence insiders have in the company's performance. However, it is important to consider these transactions in the broader context of a company's overall performance and market conditions.
Kratos Defense & Security Solutions, Inc. specializes in advanced defense technology, particularly in the fields of guided missiles and space vehicles. The company has been a notable player in the defense sector, providing innovative solutions and technologies for national security.
For further details on the transaction, interested parties can refer to the full SEC Form 4 filing.
InvestingPro Insights
In the wake of the recent insider sale by Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), investors may be keen on understanding the company's financial health and market position. According to InvestingPro data, Kratos currently has a market capitalization of approximately $2.66 billion. Despite a challenging valuation with a negative P/E ratio of -212.9 for the last twelve months as of Q4 2023, the company has demonstrated a solid revenue growth of 15.45% during the same period. This growth is a testament to the company's expansion in the defense technology sector.
From an operational standpoint, Kratos reported an EBITDA of $65.6 million and a notable EBITDA growth rate of 85.31% for the last twelve months as of Q4 2023. This indicates an improving operational efficiency and profitability potential. Moreover, one of the InvestingPro Tips suggests that analysts predict Kratos will be profitable this year, which could be a positive sign for potential investors.
On the liquidity front, Kratos appears to be in a healthy position as its liquid assets exceed short-term obligations, which is crucial for maintaining operational stability. However, it is important to note that eight analysts have revised their earnings downwards for the upcoming period, a factor that investors should weigh carefully. Still, the company operates with a moderate level of debt and does not pay a dividend to shareholders, which may be appealing to investors focused on capital gains.
For those interested in a deeper analysis, there are additional InvestingPro Tips available for Kratos Defense & Security Solutions, Inc. at https://www.investing.com/pro/KTOS. To access these insights and make more informed investment decisions, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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