Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) PT at $26.40

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $26.40.

Several research firms have commented on KTOS. JMP Securities lifted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Truist Financial restated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their target price for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $25.51 on Friday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 255.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The stock has a 50 day moving average price of $25.63 and a 200-day moving average price of $23.02. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $28.71.

Insiders Place Their Bets

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $23.37, for a total transaction of $163,590.00. Following the transaction, the insider now directly owns 363,417 shares in the company, valued at $8,493,055.29. The trade was a 1.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total value of $91,840.00. Following the completion of the sale, the insider now owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. This trade represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,781 shares of company stock worth $2,027,665 in the last three months. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC grew its position in 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 during the last quarter. L & S Advisors Inc acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $1,220,000. GSA Capital Partners LLP acquired a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at $607,000. Assenagon Asset Management S.A. raised its stake in Kratos Defense & Security Solutions by 272.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after acquiring an additional 316,500 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in Kratos Defense & Security Solutions by 232.9% during the 3rd quarter. Verition Fund Management LLC now owns 58,703 shares of the aerospace company’s stock worth $1,368,000 after acquiring an additional 41,070 shares during the period. Institutional investors and hedge funds 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.