Kratos Defense & Security Solutions (NASDAQ:KTOS) Lowered 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 note released on Thursday morning.

Other equities analysts have 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 boosted their price objective for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Truist Financial lifted their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Robert W. Baird increased their price target on shares of 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. Finally, JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.13.

Kratos Defense & Security Solutions Trading Up 0.9 %

NASDAQ KTOS traded up $0.30 during trading hours on Thursday, reaching $33.59. The company had a trading volume of 1,461,844 shares, compared to its average volume of 1,620,482. The stock has a market capitalization of $5.15 billion, a P/E ratio of 335.93 and a beta of 1.01. The company has a current ratio of 3.22, a quick ratio of 2.61 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 stock has a 50-day moving average of $29.94 and a 200 day moving average of $28.60.

Insider Activity

In other news, insider David M. Carter sold 4,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the transaction, the insider now owns 106,906 shares of the company's stock, valued at approximately $3,515,069.28. This represents a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the transaction, the senior vice president now owns 60,443 shares in the company, valued at approximately $1,639,214.16. This trade represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock worth $2,525,600 over the last three months. Corporate insiders own 2.37% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in KTOS. Rovida Investment Management Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at about $46,789,000. Raymond James Financial Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $28,944,000. Lord Abbett & CO. LLC boosted its stake in Kratos Defense & Security Solutions by 140.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock worth $42,201,000 after buying an additional 934,455 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 435.3% during the 4th 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 period. Finally, Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 5.0% in 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 during the period. Institutional investors and hedge funds 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.