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 shares were sold at an average price of $26.48, for a total value of $158,880.00. Following the transaction, the chief financial officer now directly owns 261,732 shares in the company, valued at approximately $6,930,663.36. This represents a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Trading Up 4.2 %

KTOS traded up $1.10 during midday trading on Friday, reaching $27.48. 931,434 shares of the company’s stock traded hands, compared to its average volume of 904,217. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 274.83 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 52 week low of $16.71 and a 52 week high of $28.71. The firm has a fifty day moving average of $26.04 and a two-hundred day moving average of $23.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kratos Defense & Security Solutions by 4.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,566 shares of the aerospace company’s stock worth $632,000 after buying an additional 1,326 shares during the period. Natixis Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 13.2% during the second quarter. Natixis Advisors LLC now owns 15,246 shares of the aerospace company’s stock valued at $305,000 after purchasing an additional 1,780 shares in the last quarter. Rhumbline Advisers grew its stake in Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after purchasing an additional 1,092 shares during the period. Arizona State Retirement System raised its holdings in Kratos Defense & Security Solutions by 4.9% in the second quarter. Arizona State Retirement System now owns 41,976 shares of the aerospace company’s stock worth $840,000 after purchasing an additional 1,960 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Kratos Defense & Security Solutions during the second quarter valued at $418,000. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial reissued a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird boosted their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.