Kratos defense director sells $132,544 in common stock

Published 24/05/2025, 00:28
Kratos defense director sells $132,544 in common stock

SAN DIEGO—On May 21, 2025, Bradley L. Boyd, a director at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), reported the sale of 3,800 shares of the company’s common stock. The shares were sold at a price of $34.88 each, amounting to a total transaction value of $132,544.

The transaction was conducted in accordance with Kratos Defense’s trading policies. Following this sale, Boyd holds 9,480 shares of the company directly. Want deeper insights into insider trading patterns and comprehensive financial analysis? InvestingPro offers exclusive access to detailed insider transaction history and 16+ additional ProTips for KTOS.

Additionally, Boyd acquired 10,000 shares of common stock on May 21, 2025, through the vesting of restricted stock units (RSUs) previously granted on May 23, 2024. These RSUs were converted at no cost and were part of a pre-arranged vesting schedule. The company maintains a strong financial position with a current ratio of 2.84, indicating healthy liquidity, and operates with a moderate debt-to-equity ratio of 0.21.

In other recent news, Kratos Defense & Security Solutions reported its first quarter 2025 earnings, highlighting a revenue of $302.6 million, which surpassed the estimated range of $285 million to $295 million. The adjusted EBITDA also exceeded expectations, reaching $26.7 million. Shareholders approved all nominated board members and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 28, 2025. The company showcased significant progress in its hypersonic and drone segments and anticipates continued growth driven by its hypersonic franchise. Kratos expects a 10% organic revenue growth for the remainder of 2025, with projections increasing to 13-15% for 2026. The company also highlighted strong demand in air defense and missile systems, attributing its success to strategic partnerships with major defense contractors. Additionally, the compensation of the company’s named executive officers was approved by shareholders.

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