Kratos Defense & Security Solutions (NASDAQ:KTOS) Downgraded to "Sell" Rating by StockNews.com

StockNews.com lowered 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 Saturday morning.

Several other brokerages also recently commented on KTOS. JPMorgan Chase & Co. upped their price objective on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, February 27th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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Kratos Defense & Security Solutions Trading Up 6.4 %

Kratos Defense & Security Solutions stock traded up $1.74 during midday trading on Friday, reaching $29.03. The stock had a trading volume of 435,819 shares, compared to its average volume of 1,259,793. Kratos Defense & Security Solutions has a 52-week low of $16.78 and a 52-week high of $35.66. The company has a fifty day moving average of $29.90 and a 200 day moving average of $26.51. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 290.90 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now directly owns 263,283 shares in the company, valued at approximately $6,932,241.39. The trade was a 7.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares in the company, valued at $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,181 shares of company stock worth $3,256,346 over the last 90 days. Company insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in the business. Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $46,789,000. Raymond James Financial Inc. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at about $28,944,000. Lord Abbett & CO. LLC boosted its holdings in Kratos Defense & Security Solutions by 140.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock worth $42,201,000 after acquiring an additional 934,455 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 435.3% during the fourth quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock worth $24,893,000 after acquiring an additional 767,345 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after acquiring an additional 701,216 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.