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

StockNews.com lowered shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a research note published on Monday morning.

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

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $25.28 on Monday. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $28.62. The firm has a market cap of $3.82 billion, a P/E ratio of 252.83 and a beta of 1.02. The stock has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $21.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insiders Place Their Bets

In related news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total value of $134,460.00. Following the completion of the transaction, the chief financial officer now directly owns 285,905 shares of the company’s stock, valued at $6,407,131.05. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric M. Demarco acquired 11,980 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $20.89 per share, with a total value of $250,262.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,070,244 shares in the company, valued at $22,357,397.16. This trade represents a 1.13 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 62,236 shares of company stock valued at $1,451,601 over the last quarter. Insiders own 2.27% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after acquiring an additional 511,538 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after acquiring an additional 136,696 shares in the last quarter. FMR LLC grew its position in Kratos Defense & Security Solutions by 6.1% during the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after acquiring an additional 233,051 shares during the last quarter. Finally, Hood River Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 5.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares in the last quarter. Institutional investors and hedge funds 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.