Deanna H. Lund Sells 6,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) 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 transaction of $158,880.00. Following the completion of the sale, the chief financial officer now owns 261,732 shares of the company’s stock, valued at $6,930,663.36. The trade was a 2.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Up 4.2 %

Shares of NASDAQ KTOS opened at $27.48 on Friday. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.71 and a 52-week high of $28.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock has a market cap of $4.15 billion, a P/E ratio of 274.83 and a beta of 1.07. The firm has a 50 day moving average price of $26.04 and a 200 day moving average price of $23.49.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC raised 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 purchasing an additional 920 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $36,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at about $39,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KTOS. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Jefferies Financial Group upped their price target 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. JMP Securities raised their price target on 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. Finally, StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price 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.