Kratos Defense & Security Solutions (NASDAQ:KTOS) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities increased their target price 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. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.40.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $25.05 on Tuesday. 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 company’s fifty day moving average price is $24.13 and its 200 day moving average price is $22.07. The stock has a market capitalization of $3.78 billion, a P/E ratio of 250.53 and a beta of 1.02. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $28.62.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.58, for a total value of $158,060.00. Following the completion of the sale, the insider now owns 370,389 shares of the company’s stock, valued at approximately $8,363,383.62. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 6,603 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total transaction of $164,282.64. Following the transaction, the insider now directly owns 23,848 shares in the company, valued at $593,338.24. This trade represents a 21.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,620 shares of company stock valued at $1,700,220 in the last three months. 2.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $160,000. ProShare Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 22.6% during the first quarter. ProShare Advisors LLC now owns 25,883 shares of the aerospace company’s stock worth $476,000 after buying an additional 4,765 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Kratos Defense & Security Solutions by 37.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,188 shares of the aerospace company’s stock valued at $904,000 after acquiring an additional 13,420 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after acquiring an additional 1,807,580 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Kratos Defense & Security Solutions by 10.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 14,541 shares of the aerospace company’s stock valued at $267,000 after acquiring an additional 1,335 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.