Insider Selling: Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) CFO Sells $121,125.00 in Stock

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) CFO Deanna H. Lund sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $16.15, for a total value of $121,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Deanna H. Lund also recently made the following trade(s):

  • On Monday, June 22nd, Deanna H. Lund sold 7,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $16.17, for a total value of $121,275.00.
  • On Thursday, May 21st, Deanna H. Lund sold 7,492 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $16.62, for a total value of $124,517.04.

NASDAQ KTOS opened at $19.40 on Friday. Kratos Defense & Security Solutions, Inc has a 52 week low of $5.00 and a 52 week high of $25.08. The company has a 50 day moving average price of $16.47 and a 200 day moving average price of $16.57. The company has a quick ratio of 2.49, a current ratio of 2.83 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.38 billion, a PE ratio of 215.58 and a beta of 1.20.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, May 7th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Kratos Defense & Security Solutions had a net margin of 1.27% and a return on equity of 4.24%. The business had revenue of $168.90 million for the quarter, compared to analyst estimates of $164.28 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.25 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter worth approximately $3,152,000. Amalgamated Bank raised its holdings in shares of Kratos Defense & Security Solutions by 4.4% in the fourth quarter. Amalgamated Bank now owns 16,682 shares of the aerospace company’s stock worth $300,000 after buying an additional 703 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Kratos Defense & Security Solutions by 200.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,500 shares of the aerospace company’s stock worth $27,000 after buying an additional 1,000 shares during the last quarter. Allred Capital Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1.3% during the first quarter. Allred Capital Management LLC now owns 75,650 shares of the aerospace company’s stock worth $1,047,000 after buying an additional 1,000 shares during the period. Finally, Verus Capital Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 260.0% during the first quarter. Verus Capital Partners LLC now owns 1,800 shares of the aerospace company’s stock valued at $25,000 after buying an additional 1,300 shares during the last quarter. 85.42% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on KTOS. ValuEngine raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research report on Friday, July 10th. BidaskClub raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $19.00 to $26.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, June 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Friday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $22.56.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

Further Reading: How liquidity affects the bid-ask spread

Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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