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Kratos Defense president sells $172,118 in stock

Published 27/02/2025, 02:30
Kratos Defense president sells $172,118 in stock
KTOS
2.98%

SAN DIEGO—Steven S. Fendley, President of the U.S. Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), sold 7,000 shares of the company’s common stock on February 24, 2025. The shares were sold at a weighted average price of $24.5884, amounting to a total transaction value of $172,118. Following this transaction, Fendley retains ownership of 370,660 shares, including approximately 1,990 shares held through the company’s 401(k) Plan. The sale comes as KTOS trades near $25, having delivered a 34% return over the past year despite recent weakness.

The sale was executed under a 10b5-1 trading plan, which Fendley adopted on May 20, 2024. The shares were sold in multiple transactions at prices ranging from $24.22 to $25.52. For deeper insights into insider trading patterns and comprehensive analysis, including 10+ additional ProTips, check out the detailed KTOS research report on InvestingPro.

In other recent news, Kratos Defense & Security Solutions reported its Q4 2024 earnings, revealing a mixed performance. The company exceeded expectations with an earnings per share (EPS) of $0.13, surpassing the forecast of $0.10. However, its revenue fell slightly short, coming in at $283.1 million compared to the anticipated $287.58 million. Despite this revenue miss, Kratos has projected a 10% organic revenue growth for 2025, focusing on expanding its capabilities in hypersonic systems and tactical drones. Additionally, the company announced the establishment of the Prometheus Energetics joint venture with Rafael, aimed at producing solid rocket motors and energetics in the United States. This venture is expected to begin production in 2027, with Kratos and Rafael each committing significant capital investments. Analyst firms have noted Kratos’ strategic positioning in advanced defense technologies, which is expected to drive future growth and profitability.

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