Royal Bank of Canada Cuts Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price cut by investment analysts at Royal Bank of Canada from $37.00 to $32.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price target points to a potential upside of 21.26% from the stock’s current price.

KTOS has been the topic of several other research reports. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Up 0.5 %

Kratos Defense & Security Solutions stock opened at $26.39 on Thursday. The business’s 50-day simple moving average is $29.86 and its two-hundred day simple moving average is $26.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $4.00 billion, a PE ratio of 263.93 and a beta of 1.10. Kratos Defense & Security Solutions has a fifty-two week low of $16.78 and a fifty-two week high of $35.66.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the sale, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,181 shares of company stock valued at $2,837,986. 2.27% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently modified their holdings of KTOS. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the 4th quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC lifted its position in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares in the last quarter. MRA Advisory Group acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.