Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Deanna Lund Sells 5,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna Lund sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $52.85, for a total value of $264,250.00. Following the completion of the sale, the chief financial officer owned 285,405 shares of the company’s stock, valued at $15,083,654.25. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $55.35 on Friday. The stock’s 50 day simple moving average is $56.90 and its 200-day simple moving average is $77.83. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.38 billion, a PE ratio of 325.59 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 1 year low of $42.81 and a 1 year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the business earned $0.12 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% compared to the same quarter last year. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current year.

Key Kratos Defense & Security Solutions News

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos won an approximate $36 million sole-source contract for a new air defense missile system, a direct revenue catalyst that supports its defense backlog. Article Title
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and an $85 price target, lifting sentiment around KTOS as a major defense supplier. Article Title
• Positive Sentiment: Kratos secured an agreement to become the exclusive U.S. manufacturer for Elroy Air and announced a joint venture framework in Abu Dhabi, expanding its growth runway in unmanned systems. Article Title
• Positive Sentiment: Investor focus on the proposed Golden Dome missile defense program is reinforcing the case for Kratos as a future beneficiary of defense modernization spending. Article Title
• Neutral Sentiment: Insider sales by Steven Fendley, Deanna H. Lund, and Stacey G. Rock were disclosed, but each transaction was made under pre-arranged Rule 10b5-1 plans, making them less indicative of a change in operating outlook. Article Title

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KTOS shares. Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday. They issued an “outperform” rating and a $85.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. BTIG Research lowered their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group increased their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Buy” and an average target price of $100.44.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in KTOS. Versant Capital Management Inc lifted its position in Kratos Defense & Security Solutions by 61.9% during the 2nd quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock worth $35,000 after buying an additional 266 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter worth approximately $119,000. Pacer Advisors Inc. lifted its position in shares of Kratos Defense & Security Solutions by 26.9% during the first quarter. Pacer Advisors Inc. now owns 38,490 shares of the aerospace company’s stock worth $2,714,000 after purchasing an additional 8,163 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 143.3% during the first quarter. Parallel Advisors LLC now owns 1,280 shares of the aerospace company’s stock valued at $90,000 after purchasing an additional 754 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 35.3% during the first quarter. NewEdge Advisors LLC now owns 10,243 shares of the aerospace company’s stock valued at $722,000 after purchasing an additional 2,671 shares during the last quarter. 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.