Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $30.67

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $32.00.

A number of brokerages have recently commented on KTOS. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. B. Riley raised 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 research note on Monday, January 13th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada cut their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at approximately $2,057,340.60. The trade was a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the sale, the insider now directly owns 263,283 shares in the company, valued at $6,932,241.39. This trade represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,181 shares of company stock valued at $3,256,346. 2.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. WealthPlan Investment Management LLC purchased a new position in Kratos Defense & Security Solutions during the 4th quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC increased its stake in shares of Kratos Defense & Security Solutions by 15.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. MRA Advisory Group acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its stake in Kratos Defense & Security Solutions by 121.3% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after buying an additional 16,650 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 5.4 %

KTOS stock opened at $27.81 on Thursday. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 278.13 and a beta of 1.10. The company has a fifty day moving average price of $29.89 and a 200 day moving average price of $26.39. 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 12 month low of $16.78 and a 12 month high of $35.66.

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.