Kratos Defense & Security Solutions (NASDAQ:KTOS) Coverage Initiated by Analysts at UBS Group

Stock analysts at UBS Group assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $79.00 price target on the aerospace company’s stock. UBS Group’s target price would indicate a potential downside of 25.24% from the stock’s current price.

Several other research firms have also issued reports on KTOS. Piper Sandler assumed coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, January 21st. They set a “neutral” rating and a $99.00 target price for the company. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. Citizens Jmp lifted their price target on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Finally, BNP Paribas Exane set a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.83.

Kratos Defense & Security Solutions Trading Up 8.7%

KTOS opened at $105.67 on Wednesday. The stock has a market cap of $18.00 billion, a PE ratio of 812.91 and a beta of 1.09. The business has a 50 day moving average of $95.97 and a 200-day moving average of $83.80. Kratos Defense & Security Solutions has a 52 week low of $23.90 and a 52 week high of $134.00. The company has a quick ratio of 3.68, a current ratio of 4.30 and a debt-to-equity ratio of 0.04.

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 stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $88.08, for a total value of $132,120.00. Following the transaction, the senior vice president owned 62,121 shares of the company’s stock, valued at approximately $5,471,617.68. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Deanna H. Lund sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.87, for a total value of $484,350.00. Following the sale, the chief financial officer owned 274,983 shares of the company’s stock, valued at approximately $26,637,603.21. This represents a 1.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 922,407 shares of company stock worth $75,653,893. 2.37% of the stock is owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in shares of Kratos Defense & Security Solutions by 57.7% in the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares during the last quarter. Mission Wealth Management LP purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $1,828,000. Baillie Gifford & Co. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth about $19,048,000. WCM Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth about $17,922,000. Finally, New York State Teachers Retirement System increased its position in shares of Kratos Defense & Security Solutions by 59.4% during the third quarter. New York State Teachers Retirement System now owns 108,525 shares of the aerospace company’s stock worth $9,916,000 after acquiring an additional 40,440 shares during the period. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.