Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells $142,080.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the sale, the chief financial officer now directly owns 279,775 shares in the company, valued at $6,625,072. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $24.75 on Friday. The company has a fifty day moving average of $22.07 and a two-hundred day moving average of $20.59. The company has a market capitalization of $3.71 billion, a PE ratio of 72.81 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $14.58 and a 1 year high of $25.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The firm 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 business’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KTOS. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. JMP Securities restated a “market outperform” rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 1st. Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.00.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of the business. TFO Wealth Partners LLC raised its position in Kratos Defense & Security Solutions by 120,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at $30,000. NBC Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $33,000. PNC Financial Services Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after buying an additional 1,226 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $36,000. 75.92% of the stock is currently 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.