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

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

KTOS has been the subject of several other reports. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price objective for the company from $24.00 to $26.00 in a research report on Wednesday, October 30th. JMP Securities upped 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 report on Monday, November 11th. Robert W. Baird increased their target price on shares of 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. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, 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 research report on Thursday, September 26th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.40.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded up $0.49 during trading hours on Friday, hitting $26.99. 311,720 shares of the stock were exchanged, compared to its average volume of 1,120,218. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $28.62. The company’s 50 day moving average is $25.46 and its 200 day moving average is $22.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a market capitalization of $4.08 billion, a P/E ratio of 269.93 and a beta of 1.07.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 5,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total value of $138,550.00. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $1,034,331.17. This trade represents a 11.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the transaction, the insider now owns 23,848 shares in the company, valued at approximately $593,338.24. This represents a 21.68 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. increased its stake in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 444 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after acquiring an additional 500 shares in the last quarter. Wealth Quarterback LLC increased its holdings in shares of Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 528 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% during the third 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. Finally, KBC Group NV lifted its holdings in shares of Kratos Defense & Security Solutions by 23.7% during the 3rd quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock valued at $119,000 after purchasing an additional 976 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

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.