Kratos Defense & Security Solutions (NASDAQ:KTOS) Downgraded to Sell Rating 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 research report issued to clients and investors on Saturday.

KTOS has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. JMP Securities restated 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 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. Robert W. Baird increased their price objective 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, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $27.29 on Friday. Kratos Defense & Security Solutions has a 1 year low of $16.78 and a 1 year high of $35.66. The company has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $26.43. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.17 billion, a P/E ratio of 272.93 and a beta of 1.12.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 20,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the sale, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,181 shares of company stock worth $3,256,346. 2.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the stock. Summit Investment Advisors Inc. lifted its position in shares of Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after buying an additional 490 shares during the period. MRP Capital Investments LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 500 shares during the period. Wealth Quarterback LLC boosted its stake in shares of Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after purchasing an additional 586 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

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.