Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 6.2% – Time to Sell?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) fell 6.2% on Wednesday . The company traded as low as $85.02 and last traded at $87.7290. 2,979,609 shares changed hands during trading, a decline of 28% from the average session volume of 4,140,275 shares. The stock had previously closed at $93.48.

Analyst Ratings Changes

Several research firms have recently weighed in on KTOS. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Jones Trading started coverage on Kratos Defense & Security Solutions in a research report on Monday, January 5th. They set a “buy” rating for the company. B. Riley Financial boosted their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, January 9th. BNP Paribas Exane set a $80.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. Finally, KeyCorp lifted their target price on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.28.

Kratos Defense & Security Solutions Trading Down 6.2%

The stock has a market capitalization of $14.81 billion, a P/E ratio of 674.89 and a beta of 1.09. The stock’s fifty day moving average price is $93.75 and its two-hundred day moving average price is $82.46. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.87, for a total value of $484,350.00. Following the completion of the sale, the chief financial officer owned 274,983 shares in the company, valued at approximately $26,637,603.21. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,676 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $120.18, for a total value of $201,421.68. Following the completion of the sale, the senior vice president owned 63,393 shares in the company, valued at approximately $7,618,570.74. This represents a 2.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 916,815 shares of company stock valued at $75,023,021 in the last quarter. 2.37% of the stock is currently owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Deutsche Bank AG increased its position in Kratos Defense & Security Solutions by 97.1% during the 4th quarter. Deutsche Bank AG now owns 273,723 shares of the aerospace company’s stock valued at $20,778,000 after purchasing an additional 134,814 shares during the period. Strategic Advocates LLC boosted its stake in shares of Kratos Defense & Security Solutions by 24.0% during the 4th quarter. Strategic Advocates LLC now owns 1,370 shares of the aerospace company’s stock valued at $104,000 after purchasing an additional 265 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $61,000. Cerity Partners LLC bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth about $418,000. Finally, Erste Asset Management GmbH raised its stake in Kratos Defense & Security Solutions by 406.0% in the fourth quarter. Erste Asset Management GmbH now owns 18,321 shares of the aerospace company’s stock worth $1,419,000 after buying an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.