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

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

Several other equities research analysts also recently commented on KTOS. Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday. Robert W. Baird boosted their price target 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. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial lifted 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 note on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Up 5.2 %

KTOS stock opened at $26.27 on Thursday. The stock has a market capitalization of $3.99 billion, a PE ratio of 262.73 and a beta of 1.10. Kratos Defense & Security Solutions has a 52 week low of $16.78 and a 52 week high of $35.66. 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 50 day moving average of $29.85 and a 200 day moving average of $26.16.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares of the company’s stock, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,181 shares of company stock valued at $2,837,986. Corporate insiders own 2.27% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC boosted its stake in shares of Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares during the last quarter. MRA Advisory Group purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. 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.