Analysts review Kratos Defense & Security Solutions Inc.’s rating


In a filing, Kratos Defense & Security Solutions Inc. revealed its SVP Corp. Dev. & Gov. Affairs Goodwin Benjamin M. unloaded Company’s shares for reported $54741.0 on Aug 23. In the deal valued at $15.64 per share,3,500 shares were sold. As a result of this transaction, Goodwin Benjamin M. now holds 10,870 shares worth roughly $ 0.18 million.

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Then, Fendley Steven S. sold 10,000 shares, generating $153,880 in total proceeds. Upon selling the shares at $15.39, the President, US Division now owns 340,264 shares.

Before that, Carrai Phillip D sold 4,500 shares. Kratos Defense & Security Solutions Inc. shares valued at $71,550 were divested by the President, STC Division at a price of $15.90 per share. As a result of the transaction, Carrai Phillip D now holds 199,034 shares, worth roughly $3.23 million.

Raymond James initiated its Kratos Defense & Security Solutions Inc. [KTOS] rating to an Outperform in a research note published on Friday, July 20, 2023; the price target was $17. PT values the company’s stock at a premium of 4.65 to its Friday closing price.

Price Performance Review of KTOS

On Friday, Kratos Defense & Security Solutions Inc. [NASDAQ:KTOS] saw its stock jump 0.75% to $16.21. On the same session, the stock had its day’s lowest price of $16.0104, but rose to a high of $16.63. Over the last five days, the stock has gained 6.30%. Kratos Defense & Security Solutions Inc. shares have risen nearly 57.07% since the year began. Nevertheless, the stocks have risen 29.27% over the past one year. While a 52-week high of $17.31 was reached on 08/09/23, a 52-week low of $8.90 was recorded on 01/03/23. SMA at 50 days reached $14.84, while 200 days put it at $12.70. A total of 0.72 million shares were traded, compared to the trading of 1.97 million shares in the previous session.

Levels Of Support And Resistance For KTOS Stock

The 24-hour chart illustrates a support level at 15.94, which if violated will result in even more drops to 15.66. On the upside, there is a resistance level at 16.56. A further resistance level may holdings at 16.90. The Relative Strength Index (RSI) on the 14-day chart is 60.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.77%. Stochastics %K at 65.01% indicates the stock is a holding.

How much short interest is there in Kratos Defense & Security Solutions Inc.?

A steep rise in short interest was recorded in Kratos Defense & Security Solutions Inc. stocks on Aug 14, 2023, growing by 0.4 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.69 million shares. There was a rise of 12.94%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.75.

Kratos Defense & Security Solutions Inc. [KTOS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,681,415 shares, or roughly 9.15% of the outstanding KTOS shares. In other words, the investor’s shares have risen by 42,995 from its previous 13-F filing of 11638420.0. Additionally, BlackRock Fund Advisors increased 1.26% of its stake after which the total value it holdings stand at $152,239,373, while ARK Investment Management LLC added 2.33% of its stake to hold $109.83 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -35,667 shares of Kratos Defense & Security Solutions Inc., while BAMCO, Inc. sold -177,408 shares. At present, Nikko Asset Management Co., Ltd. is holding 4,478,654 shares valued at $67.58 million. Nikko Asset Management Americas, owned 4,464,816 shares of the company at the time of its most recent 13F filing, worth $67.37 million.

According to FactSet, Kratos Defense & Security Solutions Inc.’s share price will average $17.91 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.87 percent from its previous closing price of $16.09. Analysts expect Kratos Defense & Security Solutions Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $14.00. However, 11 analysts have rated KTOS stock as an Overweight in their predictions for 2023.


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