Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Five 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 12 month price target among analysts that have covered the stock in the last year is $26.40.
A number of equities research analysts recently issued reports on the stock. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price objective for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities raised 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. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group upped their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday.
Check Out Our Latest Stock Analysis on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Price Performance
Insiders Place Their Bets
In other news, SVP Marie Mendoza sold 2,423 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total value of $60,575.00. Following the transaction, the senior vice president now directly owns 59,453 shares of the company’s stock, valued at $1,486,325. The trade was a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.37, for a total transaction of $163,590.00. Following the completion of the transaction, the insider now owns 363,417 shares in the company, valued at approximately $8,493,055.29. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,765 shares of company stock valued at $1,663,507. 2.27% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Kratos Defense & Security Solutions by 48.4% in the 2nd quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company’s stock valued at $258,000 after buying an additional 4,210 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after acquiring an additional 316,500 shares in the last quarter. Raymond James & Associates increased its stake in shares of Kratos Defense & Security Solutions by 50.8% during the second quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock worth $8,285,000 after acquiring an additional 139,539 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Kratos Defense & Security Solutions by 47.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock worth $423,000 after purchasing an additional 6,802 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Kratos Defense & Security Solutions during the second quarter worth about $1,681,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc 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.
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