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 the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total value of $137,760.00. Following the completion of the sale, the chief financial officer now directly owns 273,881 shares in the company, valued at approximately $6,288,307.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Up 0.7 %

Shares of KTOS opened at $22.87 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $16.36 and a 12 month high of $25.91. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 326.71 and a beta of 1.02. The company has a 50-day moving average price of $23.48 and a two-hundred day moving average price of $21.49. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The business had revenue of $300.10 million during the quarter, compared to the consensus estimate of $276.08 million. During the same quarter last year, the company earned $0.05 EPS. Kratos Defense & Security Solutions’s revenue was up 16.8% on a year-over-year basis. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on KTOS. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $24.00 to $26.00 in a report on Wednesday. Finally, Robert W. Baird upped 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. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in KTOS. PNC Financial Services Group Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions in the first quarter worth $264,000. Van ECK Associates Corp grew its holdings in shares of Kratos Defense & Security Solutions by 332.4% during the first quarter. Van ECK Associates Corp now owns 368,492 shares of the aerospace company’s stock worth $6,773,000 after purchasing an additional 283,262 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after buying an additional 982 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Kratos Defense & Security Solutions by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 228,059 shares of the aerospace company’s stock valued at $4,192,000 after buying an additional 25,703 shares during the last quarter. 75.92% of the stock is owned by 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.