Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Consensus Rating of “Moderate Buy” by Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $26.40.

A number of equities analysts recently issued reports on the stock. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial restated a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, JMP Securities lifted their price objective on 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.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $29.37 on Wednesday. Kratos Defense & Security Solutions has a 12 month low of $16.71 and a 12 month high of $30.39. The company has a market cap of $4.44 billion, a P/E ratio of 293.73 and a beta of 1.07. The business’s 50 day moving average is $26.59 and its two-hundred day moving average is $23.85. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $24.96, for a total value of $33,820.80. Following the completion of the transaction, the senior vice president now directly owns 58,085 shares in the company, valued at $1,449,801.60. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,886 shares of company stock worth $2,809,800 over the last three months. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in KTOS. Contravisory Investment Management Inc. increased 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 acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third 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. Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $36,000. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth $39,000. Finally, Meeder Asset Management Inc. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.