Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded at StockNews.com

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

KTOS has been the topic of a number of other reports. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. 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 lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. JMP Securities upped 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. Finally, Truist Financial reissued 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. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded down $0.29 during mid-day trading on Wednesday, reaching $26.95. The company had a trading volume of 907,138 shares, compared to its average volume of 1,134,454. 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 stock has a market cap of $4.07 billion, a PE ratio of 269.53 and a beta of 1.02. The company has a 50-day moving average price of $24.70 and a two-hundred day moving average price of $22.39. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $28.62.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the completion of the sale, the senior vice president now owns 61,963 shares in the company, valued at approximately $1,370,621.56. This represents a 2.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the sale, the senior vice president now owns 37,327 shares of the company’s stock, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $1,727,730 over the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after acquiring an additional 42,817 shares in the last quarter. L & S Advisors Inc acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $1,220,000. GSA Capital Partners LLP acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $607,000. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Kratos Defense & Security Solutions by 272.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after purchasing an additional 316,500 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

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.