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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the sale, the chief financial officer now owns 298,016 shares in the company, valued at approximately $5,960,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $0.15 during trading hours on Wednesday, hitting $20.48. The company’s stock had a trading volume of 447,458 shares, compared to its average volume of 1,249,498. The business’s 50-day moving average price is $20.20 and its 200-day moving average price is $19.07. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.13 and a 12 month high of $22.77. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 76.96 and a beta of 1.05. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The company had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 19.6% on a year-over-year basis. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of recent analyst reports. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. Royal Bank of Canada raised their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. Jefferies Financial Group reduced their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th. Finally, Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.50.

Institutional Inflows and Outflows

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