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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $62.10, for a total transaction of $310,500.00. Following the transaction, the chief financial officer directly owned 295,200 shares of the company’s stock, valued at approximately $18,331,920. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 4.2%

Shares of Kratos Defense & Security Solutions stock opened at $59.31 on Wednesday. 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 stock has a market capitalization of $11.12 billion, a PE ratio of 456.27 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 52-week low of $32.85 and a 52-week high of $134.00. The company has a 50-day simple moving average of $77.79 and a two-hundred day simple moving average of $84.79.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $345.10 million during the quarter, compared to analysts’ expectations of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on KTOS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. B. Riley Financial lifted their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. BTIG Research lifted their price target on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Finally, Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $98.28.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $25,000. Bayforest Capital Ltd bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Atlantic Union Bankshares Corp grew its position 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 valued at $29,000 after buying an additional 380 shares during the period. Finally, Whittier Trust Co. bought a new stake in Kratos Defense & Security Solutions during the third quarter valued at approximately $38,000. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

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.