Deanna Lund Sells 5,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $69.63, for a total value of $348,150.00. Following the transaction, the chief financial officer owned 300,069 shares in the company, valued at approximately $20,893,804.47. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS remained flat at $67.31 during trading hours on Friday. The stock had a trading volume of 4,343,393 shares, compared to its average volume of 3,947,955. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The company has a market capitalization of $12.61 billion, a P/E ratio of 517.81 and a beta of 1.22. The company’s 50 day simple moving average is $89.65 and its 200 day simple moving average is $87.85. Kratos Defense & Security Solutions, Inc. has a 52 week low of $25.78 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $345.10 million for the quarter, compared to the consensus estimate of $327.51 million. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its stake in Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after buying an additional 380 shares in the last quarter. Rakuten Securities Inc. acquired a new stake in Kratos Defense & Security Solutions during the second quarter worth $31,000. Bayforest Capital Ltd bought a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $32,000. Finally, Caitlin John LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Truist Financial set a $135.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, January 9th. Citizens Jmp upped their target price on shares of Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a “market outperform” rating in a research note on Monday, January 12th. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. Finally, KeyCorp raised their price target on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.28.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.