Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells 6,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $26.48, for a total value of $158,880.00. Following the transaction, the chief financial officer now owns 261,732 shares of the company’s stock, valued at $6,930,663.36. This trade represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Stock Up 4.2 %

Shares of NASDAQ:KTOS opened at $27.48 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.71. The business’s 50 day simple moving average is $26.04 and its two-hundred day simple moving average is $23.49. The firm has a market cap of $4.15 billion, a P/E ratio of 274.83 and a beta of 1.07.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Jefferies Financial Group raised their price target 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. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.40.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 68.7% during the 3rd 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 in the last quarter. Wealth Quarterback LLC grew its holdings in shares of Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after buying an additional 528 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares in the last quarter. KBC Group NV raised its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after acquiring an additional 976 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in Kratos Defense & Security Solutions by 1.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 87,847 shares of the aerospace company’s stock valued at $2,047,000 after acquiring an additional 1,060 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

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.