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

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities analysts have also recently commented on the company. JMP Securities upped their price target 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. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Six 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, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $25.40.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded down $0.29 during trading hours on Wednesday, hitting $26.95. The stock had a trading volume of 907,138 shares, compared to its average volume of 1,134,454. The company has a 50-day moving average of $24.70 and a two-hundred day moving average of $22.39. 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 market cap of $4.07 billion, a PE ratio of 269.53 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.

Insider Buying and Selling

In related news, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total transaction of $164,282.64. Following the sale, the insider now directly owns 23,848 shares in the company, valued at $593,338.24. This represents a 21.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,727,730 in the last three months. Insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. boosted its position in 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 buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC boosted its position in 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 buying an additional 920 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at $30,000. Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at $36,000. Finally, Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $39,000. 75.92% of the stock is currently owned by institutional investors.

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.