Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells $158,880.00 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.48, for a total value of $158,880.00. Following the completion of the sale, the chief financial officer now directly owns 261,732 shares in the company, valued at $6,930,663.36. This represents a 2.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $27.48 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $28.71. The business has a 50 day moving average of $26.04 and a 200-day moving average of $23.49. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 274.83 and a beta of 1.07.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in KTOS. Contravisory Investment Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the period. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at about $36,000. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $39,000. Finally, Meeder Asset Management Inc. acquired a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $53,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial reissued a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Benchmark reissued 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. Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Finally, Robert W. Baird raised their price objective 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. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.40.

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.