Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded at StockNews.com

StockNews.com upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a report published on Wednesday.

KTOS has been the subject of a number of other reports. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. B. Riley cut shares of 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 report on Wednesday, October 30th. JMP Securities upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Finally, Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Kratos Defense & Security Solutions Trading Up 0.5 %

NASDAQ KTOS opened at $27.09 on Wednesday. Kratos Defense & Security Solutions has a 12 month low of $16.71 and a 12 month high of $28.62. The stock has a 50-day simple moving average of $24.86 and a 200 day simple moving average of $22.47. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.09 billion, a PE ratio of 270.90 and a beta of 1.02.

Insider Activity

In other news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the sale, the chief financial officer now directly owns 285,905 shares of the company’s stock, valued at approximately $6,407,131.05. This represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now directly owns 61,963 shares in the company, valued at approximately $1,370,621.56. This trade represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,620 shares of company stock worth $1,727,730 in the last quarter. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $30,000. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth $36,000. Finally, Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions in the third quarter valued at about $39,000. 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.