Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $40.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective hoisted by Robert W. Baird from $35.00 to $40.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Several other analysts have also recently commented on KTOS. Truist Financial raised their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. JMP Securities lifted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a research note on Monday. Finally, Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.30.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $33.61 on Tuesday. The stock has a fifty day moving average price of $27.33 and a 200 day moving average price of $24.15. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $34.83. 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 company has a market cap of $5.08 billion, a PE ratio of 336.13 and a beta of 1.07.

Insider Activity

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 transaction, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the transaction, the insider now owns 356,414 shares of the company’s stock, valued at $8,557,500.14. This represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,928 shares of company stock worth $2,611,696 over the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. raised 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 purchasing an additional 444 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $36,000. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $53,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.