Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells $137,760.00 in Stock

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

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $0.15 on Friday, reaching $22.87. 696,997 shares of the stock were exchanged, compared to its average volume of 1,119,391. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.36 and a twelve month high of $25.91. The firm has a fifty day moving average price of $23.48 and a two-hundred day moving average price of $21.43. The stock has a market cap of $3.45 billion, a PE ratio of 324.57 and a beta of 1.02.

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

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. acquired a new stake in Kratos Defense & Security Solutions during the first quarter worth about $46,177,000. Vanguard Group Inc. increased its position in shares of 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 valued at $256,813,000 after purchasing an additional 1,807,580 shares during the period. Hood River Capital Management LLC increased its position in shares of 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 valued at $46,994,000 after purchasing an additional 1,331,499 shares during the period. Element Capital Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at $11,198,000. Finally, Bamco Inc. NY lifted its position in Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the period. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of several research reports. JMP Securities reiterated a “market outperform” rating and set a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird lifted 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 note on Monday, September 23rd. Finally, B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their target price for the stock from $24.00 to $26.00 in a research report on Wednesday. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average target price of $25.10.

Kratos Defense & Security Solutions Company Profile

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.