Kratos Defense & Security Solutions (NASDAQ:KTOS) Raised to “Hold” at StockNews.com

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

Several other equities analysts have also commented on the stock. Truist Financial reiterated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Benchmark restated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $26.95 on Wednesday. Kratos Defense & Security Solutions has a 52 week low of $16.71 and a 52 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. The company has a fifty day simple moving average of $24.70 and a two-hundred day simple moving average of $22.39. The firm has a market capitalization of $4.07 billion, a P/E ratio of 269.53 and a beta of 1.02.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Benjamin M. Goodwin sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the sale, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. This 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 90 days. 2.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 582.3% in 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 in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.