Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $30.00 at Jefferies Financial Group

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective upped by stock analysts at Jefferies Financial Group from $25.00 to $30.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Jefferies Financial Group’s price target indicates a potential upside of 11.15% from the company’s current price.

KTOS has been the subject of several other research reports. JMP Securities raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Truist Financial reiterated a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their price target for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $26.40.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS traded up $0.49 during trading hours on Friday, hitting $26.99. The company’s stock had a trading volume of 311,720 shares, compared to its average volume of 1,120,218. The company has a market capitalization of $4.08 billion, a PE ratio of 269.93 and a beta of 1.07. Kratos Defense & Security Solutions has a 52-week low of $16.71 and a 52-week high of $28.62. The business’s 50-day moving average is $25.46 and its two-hundred day moving average is $22.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total transaction of $142,080.00. Following the transaction, the chief financial officer now directly owns 279,775 shares of the company’s stock, valued at $6,625,072. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the completion of the transaction, the insider now directly owns 272,570 shares in the company, valued at $6,034,699.80. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,620 shares of company stock worth $1,770,970. Insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the period. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at $39,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at $36,000. 75.92% of the stock is owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.