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

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

KTOS has been the subject of several other research reports. B. Riley upgraded 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 note on Monday, January 13th. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Up 0.5 %

Shares of NASDAQ:KTOS opened at $26.39 on Thursday. 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 firm has a 50 day simple moving average of $29.87 and a 200-day simple moving average of $26.21. The company has a market capitalization of $4.00 billion, a PE ratio of 263.93 and a beta of 1.10. Kratos Defense & Security Solutions has a twelve month low of $16.78 and a twelve month high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total transaction of $106,920.00. Following the transaction, the insider now owns 47,007 shares in the company, valued at approximately $1,256,497.11. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.98, for a total value of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,181 shares of company stock worth $2,837,986 over the last 90 days. 2.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its position in shares of 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 worth $25,000 after purchasing an additional 920 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management boosted its holdings in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $39,000. Finally, Meeder Asset Management Inc. purchased a new position in Kratos Defense & Security Solutions in the third quarter valued at about $53,000. Hedge funds and other institutional investors 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.