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 company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the transaction, the chief financial officer now owns 279,775 shares of the company’s stock, valued at approximately $6,625,072. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The stock has a market cap 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 stock has a fifty day moving average price of $22.07 and a 200 day moving average price of $20.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.05 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent analyst reports. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock. JMP Securities reissued a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Truist Financial reissued a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Robert W. Baird raised their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the business. Arkadios Wealth Advisors lifted its holdings in Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 500 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 0.4% in the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after buying an additional 750 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1.6% during 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 during the period. Rhumbline Advisers boosted its position in Kratos Defense & Security Solutions by 0.5% during the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after acquiring an additional 1,092 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its stake 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 worth $25,000 after acquiring an additional 1,208 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.