Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Sells $484,350.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $96.87, for a total value of $484,350.00. Following the sale, the chief financial officer directly owned 274,983 shares in the company, valued at approximately $26,637,603.21. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Price Performance

KTOS traded down $12.04 on Wednesday, reaching $91.33. The stock had a trading volume of 4,622,249 shares, compared to its average volume of 4,355,792. 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 company has a market capitalization of $15.42 billion, a price-to-earnings ratio of 702.59 and a beta of 1.09. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $23.90 and a fifty-two week high of $134.00. The firm has a 50-day moving average of $92.23 and a 200-day moving average of $81.32.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The company had revenue of $347.60 million during the quarter, compared to the consensus estimate of $323.01 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in KTOS. Atlantic Union Bankshares Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th 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. World Investment Advisors grew its holdings in Kratos Defense & Security Solutions by 13.0% in the fourth quarter. World Investment Advisors now owns 6,015 shares of the aerospace company’s stock worth $422,000 after purchasing an additional 694 shares during the period. NewEdge Wealth LLC raised its holdings in shares of Kratos Defense & Security Solutions by 3.4% during the fourth quarter. NewEdge Wealth LLC now owns 14,285 shares of the aerospace company’s stock valued at $1,084,000 after purchasing an additional 469 shares during the period. F m Investments LLC bought a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $439,000. Finally, Crossmark Global Holdings Inc. grew its stake in Kratos Defense & Security Solutions by 10.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,574 shares of the aerospace company’s stock valued at $575,000 after acquiring an additional 720 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. Truist Financial set a $135.00 price objective on Kratos Defense & Security Solutions in a research note on Friday, January 9th. Finally, Piper Sandler started coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.28.

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.