Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Short Interest Update

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,930,000 shares, a growth of 22.8% from the October 31st total of 3,200,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 3.8 days.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. JMP Securities raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Truist Financial reiterated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $22.40, for a total value of $89,600.00. Following the completion of the transaction, the insider now owns 59,071 shares of the company’s stock, valued at approximately $1,323,190.40. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the transaction, the senior vice president now directly owns 37,327 shares of the company’s stock, valued at $1,034,331.17. This represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,620 shares of company stock worth $1,727,730. 2.27% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in 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 purchasing an additional 444 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at about $30,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $39,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth about $36,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded down $0.02 during midday trading on Monday, hitting $27.07. The company had a trading volume of 413,034 shares, compared to its average volume of 1,128,983. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $22.51. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 267.03 and a beta of 1.07.

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.