Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $25.40 Average Price Target from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $25.40.

A number of research firms have recently weighed in on KTOS. Truist Financial reissued a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird upped their price objective on 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. Finally, JMP Securities lifted their target price on 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.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.58, for a total transaction of $158,060.00. Following the transaction, the insider now directly owns 370,389 shares of the company’s stock, valued at approximately $8,363,383.62. This trade represents a 1.85 % 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 company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.41, for a total transaction of $134,460.00. Following the completion of the sale, the chief financial officer now directly owns 285,905 shares of the company’s stock, valued at $6,407,131.05. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock valued at $1,700,220 over the last three months. Company insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares in the last quarter. Barclays PLC boosted its stake in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after buying an additional 192,667 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $1,772,000. XTX Topco Ltd acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $606,000. Finally, Weiss Asset Management LP acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $402,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.5 %

Shares of Kratos Defense & Security Solutions stock opened at $26.63 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $28.62. The business has a 50-day moving average of $24.44 and a 200-day moving average of $22.22. The company has a market capitalization of $4.02 billion, a PE ratio of 266.33 and a beta of 1.02.

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.