Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded by StockNews.com to “Hold” Rating

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

Other research analysts have also issued research reports about the company. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. boosted 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. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Finally, Truist Financial boosted their price target 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $33.27 on Wednesday. The company’s fifty day simple moving average is $29.46 and its two-hundred day simple moving average is $28.18. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month high of $35.66. The firm has a market cap of $5.09 billion, a PE ratio of 332.73 and a beta of 1.01. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the sale, the insider now owns 365,461 shares of the company’s stock, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares in the company, valued at approximately $1,639,214.16. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,168 shares of company stock valued at $2,327,660. 2.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in the company. WealthPlan Investment Management LLC bought a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $461,000. Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $207,000. Lord Abbett & CO. LLC increased its stake in shares of Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. MRA Advisory Group bought a new position in Kratos Defense & Security Solutions in the 4th quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after buying an additional 16,650 shares during the period. 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.