Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $30.00 Price Target at JMP Securities

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price target hoisted by analysts at JMP Securities from $27.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "market outperform" rating on the aerospace company's stock. JMP Securities' target price points to a potential upside of 10.78% from the company's previous close.

KTOS has been the subject of several other reports. Benchmark reissued a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Robert W. Baird raised their price objective on 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 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, B. Riley lowered shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and raised their price target for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $25.40.

Kratos Defense & Security Solutions Stock Up 4.3 %

Shares of Kratos Defense & Security Solutions stock traded up $1.11 during trading hours on Monday, reaching $27.08. The company's stock had a trading volume of 1,984,896 shares, compared to its average volume of 1,128,769. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The stock's fifty day simple moving average is $23.63 and its two-hundred day simple moving average is $21.74. The company has a market capitalization of $4.09 billion, a P/E ratio of 270.83 and a beta of 1.02. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $27.53.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.09, for a total transaction of $70,315.00. Following the completion of the transaction, the insider now owns 276,091 shares in the company, valued at $5,546,668.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total value of $137,760.00. Following the sale, the chief financial officer now directly owns 273,881 shares of the company's stock, valued at approximately $6,288,307.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Phillip D. Carrai sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.09, for a total transaction of $70,315.00. Following the transaction, the insider now directly owns 276,091 shares of the company's stock, valued at approximately $5,546,668.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,091 shares of company stock valued at $1,739,101 in the last 90 days. Insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at $160,000. Swiss National Bank increased its position in shares of Kratos Defense & Security Solutions by 13.2% in the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company's stock worth $5,286,000 after purchasing an additional 33,500 shares during the last quarter. Sei Investments Co. raised its stake in Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company's stock valued at $5,727,000 after purchasing an additional 165,356 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Kratos Defense & Security Solutions by 93.6% during the first quarter. Avantax Advisory Services Inc. now owns 27,266 shares of the aerospace company's stock valued at $501,000 after purchasing an additional 13,180 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in Kratos Defense & Security Solutions by 22.6% in the 1st quarter. ProShare Advisors LLC now owns 25,883 shares of the aerospace company's stock worth $476,000 after buying an additional 4,765 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

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.