Insider Selling: Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Sells $389,550.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $77.91, for a total transaction of $389,550.00. Following the completion of the sale, the chief financial officer owned 243,235 shares in the company, valued at approximately $18,950,438.85. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $2.00 during trading on Tuesday, reaching $91.93. 2,903,900 shares of the stock traded hands, compared to its average volume of 1,975,709. Kratos Defense & Security Solutions, Inc. has a 52-week low of $23.90 and a 52-week high of $112.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The business has a fifty day simple moving average of $77.36 and a two-hundred day simple moving average of $71.84. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 707.21 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $323.01 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of 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. Citigroup reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, October 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. JMP Securities raised their price objective on Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, October 2nd. Finally, BNP Paribas Exane began coverage on Kratos Defense & Security Solutions in a report on Tuesday, November 18th. They issued a “neutral” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Werlinich Asset Management LLC bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $463,000. New Mexico Educational Retirement Board bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $3,143,000. Hudson Bay Capital Management LP purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth $4,155,000. MRP Capital Investments LLC increased its stake in Kratos Defense & Security Solutions by 62.0% in the third quarter. MRP Capital Investments LLC now owns 4,050 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 1,550 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Kratos Defense & Security Solutions by 34.3% during the third quarter. Allworth Financial LP now owns 1,577 shares of the aerospace company’s stock valued at $144,000 after purchasing an additional 403 shares during the period. Institutional investors own 75.92% of the company’s stock.

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.