Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $30.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target hoisted by Jefferies Financial Group from $25.00 to $30.00 in a research note published on Friday morning,Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other research analysts have also commented on the company. Truist Financial restated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. JMP Securities increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird upped their price target on 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. Finally, B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $26.40.

Kratos Defense & Security Solutions Stock Up 1.3 %

KTOS stock opened at $26.84 on Friday. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $28.62. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.05 billion, a PE ratio of 268.43 and a beta of 1.07. The business’s 50-day simple moving average is $25.46 and its 200 day simple moving average is $22.86.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total value of $106,920.00. Following the completion of the sale, the insider now owns 47,007 shares of the company’s stock, valued at approximately $1,256,497.11. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the transaction, the chief financial officer now directly owns 279,775 shares of the company’s stock, valued at $6,625,072. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,620 shares of company stock valued at $1,770,970. 2.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares during the period. Farther Finance Advisors LLC increased 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 during the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $30,000. Point72 Hong Kong Ltd bought a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $36,000. Finally, Truvestments Capital LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. 75.92% of the stock is currently owned by 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.