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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the completion of the sale, the chief financial officer now owns 331,271 shares of the company's stock, valued at $9,699,614.88. The trade was a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS traded up $1.18 on Tuesday, hitting $29.42. The company had a trading volume of 1,626,502 shares, compared to its average volume of 1,573,005. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.05 and a 12-month high of $35.66. The company's fifty day moving average price is $29.75 and its 200-day moving average price is $27.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market capitalization of $4.50 billion, a PE ratio of 295.21 and a beta of 1.01.

Analyst Ratings Changes

KTOS has been the subject of a number of research analyst reports. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group boosted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and an average price target of $32.67.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Kratos Defense & Security Solutions by 4,072.6% during the 1st quarter. GAMMA Investing LLC now owns 17,191 shares of the aerospace company's stock worth $510,000 after purchasing an additional 16,779 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Kratos Defense & Security Solutions by 202.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 700 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $281,000. Neo Ivy Capital Management purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at approximately $317,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 42.1% during the fourth quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company's stock valued at $141,000 after buying an additional 1,570 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.