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

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Several other research analysts have also commented on the company. Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada dropped their target price on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday. Finally, JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $0.38 during mid-day trading on Thursday, reaching $26.01. 2,342,963 shares of the company traded hands, compared to its average volume of 1,235,546. Kratos Defense & Security Solutions has a 52-week low of $16.78 and a 52-week high of $35.66. The company has a market capitalization of $3.98 billion, a P/E ratio of 260.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a fifty day moving average price of $29.87 and a 200-day moving average price of $26.30.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the transaction, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,181 shares of company stock valued at $2,570,686. Corporate insiders own 2.27% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in KTOS. Creative Planning grew its stake in shares of Kratos Defense & Security Solutions by 8.7% during the 3rd quarter. Creative Planning now owns 26,665 shares of the aerospace company's stock valued at $621,000 after purchasing an additional 2,125 shares during the period. SteelPeak Wealth LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth about $584,000. US Bancorp DE increased its holdings in Kratos Defense & Security Solutions by 56.8% in the 3rd quarter. US Bancorp DE now owns 17,717 shares of the aerospace company's stock worth $413,000 after acquiring an additional 6,415 shares in the last quarter. Stephens Inc. AR raised its position in shares of Kratos Defense & Security Solutions by 19.5% during the 3rd quarter. Stephens Inc. AR now owns 23,476 shares of the aerospace company's stock valued at $547,000 after purchasing an additional 3,839 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 920 shares during the period. 75.92% of the stock is currently owned by institutional investors.

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.