Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Sells $1,800,500.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $72.02, for a total transaction of $1,800,500.00. Following the completion of the transaction, the chief financial officer directly owned 248,285 shares in the company, valued at $17,881,485.70. This represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Down 1.5%

NASDAQ:KTOS opened at $76.50 on Friday. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $83.88 and a 200-day moving average of $65.44. The firm has a market capitalization of $12.92 billion, a PE ratio of 588.51 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $112.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $347.60 million for the quarter, compared to the consensus estimate of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The business’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Canaccord Genuity Group raised their price target on shares of Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Stifel Nicolaus lifted their price target on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Truist Financial increased their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $82.06.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in Kratos Defense & Security Solutions by 1,389.0% in the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after purchasing an additional 2,525,921 shares during the period. Rovida Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $82,315,000. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after buying an additional 1,728,179 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at $41,118,000. Finally, Voya Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 129.2% during the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after buying an additional 1,219,585 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.