Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund Sells 6,000 Shares

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

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $27.48 on Monday. Kratos Defense & Security Solutions, Inc. has a twelve month low of $16.71 and a twelve month high of $28.71. The firm has a market capitalization of $4.15 billion, a PE ratio of 274.83 and a beta of 1.07. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $26.04 and its 200 day moving average price is $23.51.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after purchasing an additional 86,567 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Barclays PLC raised its holdings in shares of Kratos Defense & Security Solutions by 239.5% during the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after acquiring an additional 192,667 shares during the period. L & S Advisors Inc acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $1,220,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $607,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company 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.