Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells $197,340.00 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 on Monday, February 3rd. The shares were sold at an average price of $32.89, for a total value of $197,340.00. Following the sale, the chief financial officer now directly owns 292,873 shares of the company’s stock, valued at approximately $9,632,592.97. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $32.54 on Friday. The firm has a market capitalization of $4.92 billion, a P/E ratio of 325.43 and a beta of 1.10. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The business has a fifty day moving average price of $29.51 and a 200-day moving average price of $25.45.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. During the same quarter in the prior year, the business earned $0.08 EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of KTOS. FMR LLC increased its holdings in Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after acquiring an additional 233,051 shares during the period. Geode Capital Management LLC grew its position in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Franklin Resources Inc. lifted its stake in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares during the last quarter. American Capital Management Inc. boosted its position in Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after buying an additional 305,925 shares during the period. Finally, Portolan Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 9.0% during the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock valued at $41,398,000 after buying an additional 146,319 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on KTOS shares. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lifted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. JMP Securities upped their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a “market outperform” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $29.30.

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.