Today: Kratos Defense & Security Solutions Inc. (KTOS) CFO Deanna H. Lund Buys 6,666 Shares

Today: Kratos Defense & Security Solutions Inc. (KTOS) CFO Deanna H. Lund Buys 6,666 Shares

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) CFO Deanna H. Lund purchased 6,666 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was acquired at an average cost of $6.00 per share, for a total transaction of $39,996.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) traded up 1.065% during mid-day trading on Monday, hitting $7.115. The stock had a trading volume of 151,188 shares. The stock has a 50 day moving average of $6.31 and a 200-day moving average of $5.53. Kratos Defense & Security Solutions Inc. has a 52 week low of $2.80 and a 52 week high of $7.58. The stock’s market capitalization is $430.57 million.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.08. The company earned $165.40 million during the quarter, compared to analysts’ expectations of $162.10 million. Kratos Defense & Security Solutions had a negative return on equity of 3.73% and a negative net margin of 9.06%. Kratos Defense & Security Solutions’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts predict that Kratos Defense & Security Solutions Inc. will post ($0.13) earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 57.1% in the third quarter. Verition Fund Management LLC now owns 17,121 shares of the company’s stock valued at $118,000 after buying an additional 6,221 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $143,000. BlackRock Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. BlackRock Advisors LLC now owns 24,221 shares of the company’s stock valued at $167,000 after buying an additional 2,635 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $224,000. Finally, Penserra Capital Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 149.6% in the third quarter. Penserra Capital Management LLC now owns 33,515 shares of the company’s stock valued at $230,000 after buying an additional 20,087 shares during the period. 68.24% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on KTOS shares. B. Riley reaffirmed a “buy” rating and issued a $9.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, October 28th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Monday, October 17th.

Kratos Defense & Security Solutions Company Profile

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