Kratos Defense & Security Solutions (NASDAQ:KTOS) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a report published on Tuesday.

KTOS has been the subject of several other reports. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Down 0.4 %

Shares of NASDAQ KTOS opened at $31.71 on Tuesday. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month high of $35.66. The company has a market cap of $4.85 billion, a P/E ratio of 317.13 and a beta of 1.01. 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 fifty day moving average price of $29.48 and a 200 day moving average price of $27.94.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the sale, the insider now owns 365,461 shares in the company, valued at $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the sale, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,668 shares of company stock valued at $2,377,610. Insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. Rovida Investment Management Ltd acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $46,789,000. Raymond James Financial Inc. acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth about $28,944,000. Lord Abbett & CO. LLC raised its stake in Kratos Defense & Security Solutions by 140.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company’s stock worth $42,201,000 after acquiring an additional 934,455 shares during the period. Voya Investment Management LLC raised its stake in Kratos Defense & Security Solutions by 435.3% during the fourth quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company’s stock worth $24,893,000 after acquiring an additional 767,345 shares during the period. Finally, Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock worth $388,301,000 after acquiring an additional 701,216 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.