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Deanna H. Lund, the Executive Vice President and Chief Financial Officer of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 6,000 shares of the company’s common stock. The transactions, executed on February 3, 2025, were completed as part of a pre-established 10b5-1 trading plan. The shares were sold at a weighted average price of $32.8906, resulting in a total transaction value of approximately $197,343. Following this sale, Lund holds 292,873 shares of Kratos Defense. The shares were sold in multiple transactions at prices ranging from $32.49 to $33.67. According to InvestingPro analysis, KTOS currently appears overvalued, trading at a significant P/E ratio of 334, with the company’s next earnings report scheduled for February 20, 2025. InvestingPro subscribers can access 14 additional key insights and a comprehensive Pro Research Report for deeper analysis of KTOS’s valuation metrics and growth prospects.
In other recent news, Kratos Defense & Security has been making significant strides in both the defense and commercial sectors. JMP Securities recently upgraded their price target for Kratos from $30.00 to $40.00, maintaining a Market Outperform rating. This adjustment reflects a positive outlook on the company’s growth potential in both established and emerging defense markets. Similarly, Baird raised the price target for Kratos shares to $40.00, up from $35.00, due to a transformational hypersonic contract win.
Kratos also demonstrated its autonomous truck platooning system in northern Québec, Canada, a technology that aims to address driver shortages, enhance safety, stimulate rural economies, and inform regulatory frameworks for autonomous vehicles. The successful demonstration has sparked discussions for further deployment, indicating confidence in its potential for broader industry application.
Additionally, Kratos received upgrades from B.Riley, moving from Neutral to Buy with a new price target set at $35.00, following the largest contract win in the company’s history—a $1.45 billion OTA contract for the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0. This contract win is projected to contribute to an incremental top-line growth of approximately 20% for Kratos’ KGS segment in 2026. These recent developments highlight Kratos’ commitment to innovation and its ability to deliver practical solutions for both defense and commercial sectors.
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