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

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

Several other equities research analysts also recently commented on KTOS. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. B. Riley raised Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.13.

Kratos Defense & Security Solutions Stock Up 2.7 %

Shares of NASDAQ KTOS traded up $0.92 during trading hours on Thursday, hitting $34.42. The company had a trading volume of 1,584,073 shares, compared to its average volume of 1,622,230. The stock has a market capitalization of $5.28 billion, a P/E ratio of 344.23 and a beta of 1.01. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 1-year low of $17.76 and a 1-year high of $35.66. The firm's 50 day moving average is $30.24 and its 200-day moving average is $28.73.

Insiders Place Their Bets

In related news, CEO Eric M. Demarco purchased 9,500 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the transaction, the chief executive officer now owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total value of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares in the company, valued at $1,639,214.16. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,168 shares of company stock worth $2,293,480 in the last 90 days. Company insiders own 2.37% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KTOS. Barclays PLC increased its position in shares of Kratos Defense & Security Solutions by 239.5% in the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock worth $6,363,000 after purchasing an additional 192,667 shares during the period. Tidal Investments LLC increased its position in shares of Kratos Defense & Security Solutions by 27.9% in the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company's stock worth $495,000 after purchasing an additional 4,638 shares during the period. Franklin Resources Inc. grew its position in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock valued at $70,951,000 after acquiring an additional 304,088 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in Kratos Defense & Security Solutions by 15.0% during 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kratos Defense & Security Solutions by 1.5% in the third quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock worth $5,820,000 after acquiring an additional 3,770 shares during the last quarter. 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.