Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rating Lowered by StockNews.com

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

Several other equities research analysts also recently weighed in on KTOS. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Truist Financial reissued a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. JMP Securities lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday. Finally, Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.40.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $27.26 on Monday. The business has a fifty day moving average price of $23.71 and a 200-day moving average price of $21.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The company has a market capitalization of $4.12 billion, a PE ratio of 270.10 and a beta of 1.02. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $27.70.

Insider Activity

In related news, SVP Marie Mendoza sold 2,423 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total transaction of $60,575.00. Following the sale, the senior vice president now owns 59,453 shares of the company’s stock, valued at $1,486,325. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $137,760.00. Following the completion of the transaction, the chief financial officer now owns 273,881 shares in the company, valued at approximately $6,288,307.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 2,423 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total value of $60,575.00. Following the transaction, the senior vice president now directly owns 59,453 shares in the company, valued at approximately $1,486,325. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,091 shares of company stock worth $1,739,101. 2.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares during the period. Farther Finance Advisors LLC increased its stake in 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 worth $25,000 after purchasing an additional 920 shares during the period. MFA Wealth Advisors LLC bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at $36,000. Finally, EntryPoint Capital LLC grew its holdings in shares of Kratos Defense & Security Solutions by 179.1% in the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 1,506 shares during 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 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.