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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $33.91, for a total value of $203,460.00. Following the completion of the transaction, the chief financial officer now directly owns 325,427 shares of the company’s stock, valued at approximately $11,035,229.57. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $36.29 on Friday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $36.85. The business’s fifty day moving average is $30.85 and its two-hundred day moving average is $28.90. The stock has a market capitalization of $5.56 billion, a P/E ratio of 362.94 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC increased its stake in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after purchasing an additional 192,667 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Kratos Defense & Security Solutions by 27.9% during the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after acquiring an additional 4,638 shares during the period. Franklin Resources Inc. lifted its position in shares of Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after acquiring an additional 304,088 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Kratos Defense & Security Solutions by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock worth $5,820,000 after purchasing an additional 3,770 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KTOS has been the subject of several research analyst reports. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Truist Financial lifted their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.13.

About Kratos Defense & Security Solutions

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.