JMP Securities Increases Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $30.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target raised by JMP Securities from $27.00 to $30.00 in a report published on Monday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the aerospace company’s stock.

KTOS has been the subject of a number of other reports. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, Robert W. Baird increased their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $27.08 on Monday. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $27.53. The company has a fifty day simple moving average of $23.63 and a 200 day simple moving average of $21.74. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.09 billion, a P/E ratio of 270.80 and a beta of 1.02.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 285,905 shares in the company, valued at $6,407,131.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the transaction, the senior vice president now owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $22.41, for a total value of $134,460.00. Following the completion of the sale, the chief financial officer now owns 285,905 shares of the company’s stock, valued at approximately $6,407,131.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,091 shares of company stock valued at $1,739,101 in the last 90 days. 2.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently added to or reduced their stakes in KTOS. Intech Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at approximately $826,000. Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter valued at about $53,000. Pathstone Holdings LLC grew its position in shares of Kratos Defense & Security Solutions by 12.0% during the 3rd quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock worth $1,908,000 after buying an additional 8,799 shares during the period. Chesapeake Capital Corp IL boosted its stake in Kratos Defense & Security Solutions by 27.9% in the third quarter. Chesapeake Capital Corp IL now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after acquiring an additional 4,638 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Kratos Defense & Security Solutions by 16.7% in the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock valued at $415,000 after acquiring an additional 2,546 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.