JMP Securities Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target boosted by research analysts at JMP Securities from $27.00 to $30.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the aerospace company’s stock. JMP Securities’ target price points to a potential upside of 13.64% from the company’s previous close.

KTOS has been the topic of a number of other research reports. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price target for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Trading Up 1.7 %

NASDAQ KTOS opened at $26.40 on Monday. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $26.40. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The firm has a market cap of $3.99 billion, a P/E ratio of 264.03 and a beta of 1.02. The stock’s 50-day moving average is $23.63 and its 200-day moving average is $21.74.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction dated 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 transaction, the chief financial officer now owns 285,905 shares of the company’s stock, valued at $6,407,131.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 directly owns 285,905 shares of the company’s stock, valued at $6,407,131.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Marie Mendoza sold 2,423 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was 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 in the company, valued at $1,486,325. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,091 shares of company stock worth $1,739,101 over the last quarter. 2.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently modified their holdings of the stock. Sei Investments Co. grew its stake in Kratos Defense & Security Solutions by 113.1% in the 1st quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company’s stock valued at $5,727,000 after buying an additional 165,356 shares during the last quarter. Comerica Bank increased its stake in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after purchasing an additional 42,817 shares during the period. Swiss National Bank increased its stake in shares of Kratos Defense & Security Solutions by 13.2% during the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company’s stock worth $5,286,000 after purchasing an additional 33,500 shares during the period. Vanguard Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted 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 valued at $8,655,000 after purchasing an additional 316,500 shares during the period. 75.92% of the stock is owned by institutional investors.

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.