Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kratos Defense & Security Solutions Inc. shares valued at $135,989 were sold by Lund Deanna H on Jun 21. At $13.60 per share, Lund Deanna H sold 10,000 shares. The insider’s holdings dropped to 239,825 shares worth approximately $3.25 million following the completion of this transaction.
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Also, DEMARCO ERIC M sold 10,000 shares, netting a total of over 136,463 in proceeds. Following the sale of shares at $13.65 each, the insider now holds 596,576 shares.
Before that, Carrai Phillip D had sold 3,000 shares from its account. In a trade valued at $45,000, the President, STC Division traded Kratos Defense & Security Solutions Inc. shares for $15.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $2.34 million.
As published in a research note from Truist on May 26, 2022, Kratos Defense & Security Solutions Inc. [KTOS] has been rated up from a Hold to a Buy and the price target has been revised to $20. This represents a 32.3% premium over Wednesday’s closing price. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of January 21, 2022, Berenberg has initiated its “Buy” rating for KTOS. Earlier on January 12, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for KTOS stock which previously was a “a Buy”.
Analyzing KTOS’s Price Performance
On Wednesday, Kratos Defense & Security Solutions Inc. [NASDAQ: KTOS] plunged -2.66% to $13.54. The stock’s lowest price that day was $13.52, but it reached a high of $14.06 in the same session. During the last five days, there has been a drop of approximately -0.66%. Over the course of the year, Kratos Defense & Security Solutions Inc. shares have dropped approximately -30.21%. Shares of the company reached a 52-week high of $22.26 on 04/05/22 and a 52-week low of $12.54 on 05/16/22. A 50-day SMA is recorded $15.12, while a 200-day SMA reached $18.87. Nevertheless, trading volume fell to 0.56 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Kratos Defense & Security Solutions Inc. (KTOS)
According to the 24-hour chart, there is a support level at 13.35, which, if violated, would cause prices to drop to 13.17. In the upper region, resistance lies at 13.89. The next price resistance is at 14.25. RSI (Relative Strength Index) is 41.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 86.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Kratos Defense & Security Solutions Inc. subject to short interest?
Stocks of Kratos Defense & Security Solutions Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.43 million shares to 3.31 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 2.88 million shares. A jump of 12.99% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.9.
Which companies own the most shares of Kratos Defense & Security Solutions Inc. (KTOS)?
According to The Vanguard Group, Inc. filings, the company currently owns 11,155,509 shares, which is about 8.93% of the total KTOS shares outstanding. The investor’s shares have appreciated by 137,856 from its previous 13-F filing of 11017653.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $124,536,989. ARK Investment Management LLC reduced a -5.72% interest valued at $123.61 million while SSgA Funds Management, Inc. purchased a 1,134,464 stake. A total of 440,773 shares of Kratos Defense & Security Solutions Inc. were bought by Nikko Asset Management Americas, during the quarter, and -682,969 were sold by BAMCO, Inc. In its current portfolio, Capital Research & Management Co holds 2,918,231 shares valued at $42.08 million.
In terms of Kratos Defense & Security Solutions Inc. share price expectations, FactSet research, analysts set an average price target of $21.88 in the next 12 months, up nearly 47.38% from the previous closing price of $13.91. Analysts anticipate Kratos Defense & Security Solutions Inc. stock to reach $30.00 by 2022, with the lowest price target being $16.00. In spite of this, 12 analysts ranked Kratos Defense & Security Solutions Inc. stock as an Overweight at the end of 2022. On October 22, 2021, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and initiated coverage with a $28.