Kratos Defense & Security Solutions (NASDAQ:KTOS) Cut to Sell at StockNews.com

StockNews.com cut shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a report released on Saturday.

Several other brokerages have also recently weighed in on KTOS. Jefferies Financial Group boosted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Royal Bank of Canada cut their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Up 6.9 %

NASDAQ KTOS opened at $29.18 on Friday. The business has a fifty day moving average price of $29.96 and a 200 day moving average price of $26.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $4.46 billion, a P/E ratio of 291.83 and a beta of 1.12. Kratos Defense & Security Solutions has a one year low of $16.78 and a one year high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the sale, the senior vice president now directly owns 55,631 shares in the company, valued at $1,555,442.76. This trade represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,181 shares of company stock worth $3,256,346 in the last three months. Insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of KTOS. Farther Finance Advisors LLC lifted 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 acquiring an additional 920 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the last quarter. Hemington Wealth Management lifted its holdings in Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth about $39,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $53,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.