Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund Sells 6,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $137,760.00. Following the sale, the chief financial officer now owns 273,881 shares of the company’s stock, valued at $6,288,307.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Up 0.7 %

KTOS stock opened at $22.87 on Friday. The stock has a market capitalization of $3.45 billion, a P/E ratio of 326.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. Kratos Defense & Security Solutions, Inc. has a one year low of $16.36 and a one year high of $25.91. The company has a 50 day moving average price of $23.48 and a two-hundred day moving average price of $21.46.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. Kratos Defense & Security Solutions’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. As a group, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Finally, B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $26.00 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $25.10.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Westwood Holdings Group Inc. purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth approximately $46,177,000. Vanguard Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $11,198,000. Finally, Bamco Inc. NY boosted its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after purchasing an additional 511,538 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.