Kratos Defense & Security Solutions (NASDAQ:KTOS) Cut to “Sell” at 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 published on Tuesday morning.

Several other brokerages have also recently issued reports on KTOS. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Robert W. Baird lifted their price target on shares of 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. JMP Securities increased their price objective on 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. Truist Financial restated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Up 4.0 %

Shares of KTOS stock opened at $26.23 on Tuesday. The stock has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $22.14. The stock has a market capitalization of $3.96 billion, a P/E ratio of 262.34 and a beta of 1.02. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 6,603 shares of the 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 owns 23,848 shares of the company’s stock, valued at approximately $593,338.24. This represents a 21.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 370,389 shares in the company, valued at $8,363,383.62. The trade was a 1.85 % 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 quarter. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. lifted its holdings in shares of 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 buying an additional 444 shares during the last quarter. Arkadios Wealth Advisors increased its position in Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC raised its stake in Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares during the last quarter. Farther Finance Advisors LLC raised its stake in 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 purchasing an additional 920 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Kratos Defense & Security Solutions by 23.7% in the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 976 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.