Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Deanna Lund Sells 30,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 30,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $74.08, for a total value of $2,222,400.00. Following the sale, the chief financial officer owned 273,285 shares of the company’s stock, valued at $20,244,952.80. This trade represents a 9.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Up 2.6%

NASDAQ:KTOS traded up $1.82 during trading hours on Wednesday, hitting $72.78. 2,287,043 shares of the company traded hands, compared to its average volume of 3,538,188. Kratos Defense & Security Solutions, Inc. has a one year low of $23.90 and a one year high of $112.57. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.29 billion, a PE ratio of 559.89 and a beta of 1.14. The firm’s 50-day simple moving average is $84.38 and its 200-day simple moving average is $65.01.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their target price on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Raymond James Financial reiterated a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a report on Friday, August 8th. BNP Paribas set a $80.00 price objective on Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Stifel Nicolaus raised their target price on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently made changes to their positions in KTOS. State of Alaska Department of Revenue boosted its position in Kratos Defense & Security Solutions by 15.8% during the second quarter. State of Alaska Department of Revenue now owns 98,033 shares of the aerospace company’s stock worth $4,552,000 after purchasing an additional 13,345 shares during the period. Corebridge Financial Inc. grew its stake in Kratos Defense & Security Solutions by 5.2% in the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company’s stock valued at $2,299,000 after buying an additional 3,860 shares in the last quarter. ARK Investment Management LLC raised its holdings in Kratos Defense & Security Solutions by 22.2% during the 2nd quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after acquiring an additional 818,104 shares during the period. Trivium Point Advisory LLC raised its holdings in Kratos Defense & Security Solutions by 25.0% during the 2nd quarter. Trivium Point Advisory LLC now owns 22,406 shares of the aerospace company’s stock valued at $1,041,000 after acquiring an additional 4,483 shares during the period. Finally, Alpha Wealth Funds LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth $227,000. 75.92% of the stock is currently owned by institutional investors.

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.