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

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

KTOS has been the topic of a number of other research reports. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, JMP Securities increased their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.40.

Kratos Defense & Security Solutions Stock Up 4.0 %

KTOS opened at $26.23 on Tuesday. The company has a market capitalization of $3.96 billion, a P/E ratio of 262.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $22.14. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $28.62.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the sale, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. This trade represents a 2.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock valued at $1,700,220 in the last 90 days. 2.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently modified their holdings of KTOS. Westwood Holdings Group Inc. bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $46,177,000. Vanguard Group Inc. grew its holdings in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the period. Hood River Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 108.7% in the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after purchasing an additional 1,331,499 shares in the last quarter. Bamco Inc. NY raised its holdings in Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the period. Finally, Archon Capital Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 1,102.5% during the first quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock worth $8,280,000 after purchasing an additional 413,026 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 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.