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 research report report published on Tuesday.

Other equities analysts also recently issued reports about the stock. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Robert W. Baird lifted their price objective on 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. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.67.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS traded up $1.53 during trading hours on Tuesday, reaching $33.24. The company had a trading volume of 2,489,572 shares, compared to its average volume of 1,600,427. The firm has a market capitalization of $5.08 billion, a PE ratio of 332.43 and a beta of 1.01. The stock has a 50-day moving average of $29.46 and a two-hundred day moving average of $28.01. Kratos Defense & Security Solutions has a one year low of $17.05 and a one year high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total value of $175,680.00. Following the completion of the transaction, the chief financial officer now directly owns 331,271 shares in the company, valued at approximately $9,699,614.88. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,668 shares of company stock worth $2,377,610. Company insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its position in shares of Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after acquiring an additional 490 shares in the last quarter. MRP Capital Investments LLC boosted its stake 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 purchasing an additional 500 shares during the period. Arizona State Retirement System increased its holdings in 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 worth $1,156,000 after purchasing an additional 586 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 90.5% in 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 period. Finally, ORG Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after purchasing an additional 621 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

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.