Kratos Defense & Security Solutions (NASDAQ:KTOS) Downgraded to “Sell” Rating by StockNews.com

Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Several other equities analysts have also recently weighed in on KTOS. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $28.24 on Tuesday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 282.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions has a one year low of $17.05 and a one year high of $35.66. The business has a fifty day moving average of $29.75 and a 200 day moving average of $27.75.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions 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 sale, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David M. Carter sold 4,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $32.88, for a total value of $131,520.00. Following the transaction, the insider now owns 106,906 shares of the company’s stock, valued at $3,515,069.28. This represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,668 shares of company stock worth $2,377,610 in the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

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

Kratos Defense & Security Solutions Company Profile

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.