Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 5.7% - What's Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s share price was down 5.7% during mid-day trading on Thursday . The company traded as low as $29.09 and last traded at $29.24. Approximately 1,279,422 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 2,123,328 shares. The stock had previously closed at $31.01.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, December 13th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. JMP Securities upped their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $29.30.

Kratos Defense & Security Solutions Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 268.53 and a beta of 1.10. The company has a 50-day moving average price of $30.02 and a 200-day moving average price of $25.99.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the sale, the insider now owns 349,406 shares of the company's stock, valued at approximately $9,262,753.06. This trade represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.48, for a total value of $158,880.00. Following the completion of the transaction, the chief financial officer now directly owns 261,732 shares of the company's stock, valued at approximately $6,930,663.36. The trade was a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,044 shares of company stock valued at $2,576,338. Corporate insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised 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 worth $388,301,000 after acquiring an additional 701,216 shares during the period. FMR LLC raised its stake in shares of Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares during the period. Geode Capital Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after purchasing an additional 29,278 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after buying an additional 317,305 shares during the period. 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.