Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $26.40 Consensus PT from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have earned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.40.

KTOS has been the subject of several recent research reports. Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities upped their price target on 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. Finally, Robert W. Baird lifted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.96, for a total value of $33,820.80. Following the sale, the senior vice president now directly owns 58,085 shares in the company, valued at $1,449,801.60. The trade was a 2.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,886 shares of company stock valued at $2,809,800. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. grew its holdings in shares of 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 valued at $25,000 after acquiring an additional 444 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Kratos Defense & Security Solutions by 582.3% in the 3rd 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. Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at about $36,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.5 %

Shares of NASDAQ:KTOS opened at $29.37 on Wednesday. The company has a 50 day moving average of $26.59 and a 200-day moving average of $23.85. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $30.39. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 293.73 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

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.