Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded to “Buy” at B. Riley

B. Riley upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a neutral rating to a buy rating in a report published on Monday, Marketbeat.com reports. The firm currently has $35.00 price target on the aerospace company’s stock, up from their previous price target of $26.00.

Other equities research analysts also recently issued reports about the company. Truist Financial reaffirmed a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Jefferies Financial Group raised their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.30.

Kratos Defense & Security Solutions Stock Up 5.2 %

KTOS stock opened at $30.89 on Monday. The company has a market capitalization of $4.67 billion, a P/E ratio of 308.93 and a beta of 1.07. Kratos Defense & Security Solutions has a 12 month low of $16.71 and a 12 month high of $31.19. The firm’s fifty day simple moving average is $26.75 and its 200-day simple moving average is $23.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insiders Place Their Bets

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction dated 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 directly 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 available at this link. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $91,840.00. Following the sale, the insider now directly owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. This represents a 7.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 96,928 shares of company stock worth $2,611,696. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 68.7% during 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 period. Farther Finance Advisors LLC grew its position 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 acquiring an additional 920 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Kratos Defense & Security Solutions during the second quarter worth $36,000. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter valued at $39,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth $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.