Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $27.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target raised by equities researchers at JPMorgan Chase & Co. from $24.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 2.31% from the company’s previous close.

A number of other brokerages have also recently issued reports on KTOS. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kratos Defense & Security Solutions Trading Up 0.5 %

Shares of Kratos Defense & Security Solutions stock opened at $26.39 on Thursday. Kratos Defense & Security Solutions has a 12-month low of $16.78 and a 12-month high of $35.66. The stock has a market cap of $4.00 billion, a P/E ratio of 263.93 and a beta of 1.10. 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 business’s 50 day moving average is $29.86 and its 200-day moving average is $26.17.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at $2,057,340.60. This represents a 2.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total value of $160,380.00. Following the completion of the transaction, the chief financial officer now directly owns 267,708 shares in the company, valued at approximately $7,155,834.84. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock valued at $2,837,986 in the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $207,000. Lord Abbett & CO. LLC grew its holdings 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 stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.