Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective boosted by equities research analysts at Truist Financial from $27.00 to $32.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential downside of 1.93% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price target 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. JMP Securities lifted their price target 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. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $35.00 in a report on Monday. Finally, Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Five investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $27.80.

Kratos Defense & Security Solutions Trading Up 5.6 %

KTOS stock traded up $1.74 during trading on Tuesday, reaching $32.63. 1,007,539 shares of the stock were exchanged, compared to its average volume of 1,927,067. 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 has a 50 day moving average price of $26.75 and a 200-day moving average price of $23.92. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $32.88. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 326.33 and a beta of 1.07.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $28.96, for a total value of $115,840.00. Following the transaction, the insider now owns 57,267 shares in the company, valued at $1,658,452.32. This trade represents a 6.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 96,928 shares of company stock worth $2,611,696. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its stake in Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after acquiring an additional 29,278 shares during the period. Barclays PLC boosted its position in shares of Kratos Defense & Security Solutions by 239.5% in the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares during the period. L & S Advisors Inc acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $1,220,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Kratos Defense & Security Solutions in the third quarter valued at $607,000. 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.