Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, JMP Securities Analyst Says

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price lifted by JMP Securities from $27.00 to $30.00 in a research note released on Monday morning,Benzinga reports. They currently have a market outperform rating on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the stock. B. Riley cut shares of 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. Robert W. Baird increased 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. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Up 0.6 %

Kratos Defense & Security Solutions stock opened at $25.43 on Monday. Kratos Defense & Security Solutions has a 12 month low of $16.71 and a 12 month high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $23.93 and its two-hundred day simple moving average is $21.91. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 252.83 and a beta of 1.02.

Insider Buying and Selling

In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the sale, the chief financial officer now owns 285,905 shares of the company’s stock, valued at $6,407,131.05. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric M. Demarco purchased 11,980 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $20.89 per share, with a total value of $250,262.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. This represents a 1.13 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 62,236 shares of company stock worth $1,451,601. Company insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. grew 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 valued at $25,000 after acquiring an additional 444 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 purchasing an additional 920 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $30,000. Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth about $36,000. Finally, Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions during the third quarter worth $39,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.