Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 5.7% – Should You Sell?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) fell 5.7% during mid-day trading on Thursday . The stock traded as low as $29.09 and last traded at $29.24. 1,279,422 shares were traded during trading, a decline of 40% from the average session volume of 2,123,328 shares. The stock had previously closed at $31.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KTOS shares. Truist Financial increased their price objective on 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. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.30.

Kratos Defense & Security Solutions Stock Down 7.3 %

The stock has a market capitalization of $4.34 billion, a PE ratio of 286.77 and a beta of 1.10. The stock’s 50-day moving average price is $30.03 and its two-hundred day moving average price is $25.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the transaction, the insider now directly owns 265,499 shares in the company, valued at $6,637,475. This trade represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,428 shares of company stock valued at $2,686,406. Corporate 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 made changes to their positions in KTOS. MRP Capital Investments LLC increased its holdings in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its position in Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 528 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after purchasing an additional 586 shares during the period. Jones Financial Companies Lllp increased its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th 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 last quarter. Finally, ORG Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1.9% in the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.