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SAN DIEGO—Stacey G. Rock, President of the KTT Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold shares in the company, according to a regulatory filing. On February 3, Rock sold a total of 4,000 shares of Kratos Defense common stock. The shares were sold at prices ranging from $32.50 to $33.65, resulting in a total transaction value of approximately $131,558.
Following these transactions, Rock retains ownership of 53,248 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan and 401(k) Plan. The sales were conducted under a 10b5-1 trading plan established in May 2024, allowing for pre-scheduled transactions.
In other recent news, Kratos Defense & Security has been the subject of multiple analyst upgrades, with JMP Securities raising their price target from $30.00 to $40.00, and B.Riley upgrading the stock from Neutral to Buy, raising their price target from $26.00 to $35.00. These changes reflect the analysts’ confidence in Kratos’ growth potential, particularly following the company’s record $1.45 billion contract win in the hypersonic market.
In addition to these financial upgrades, Kratos has made significant strides in its technological developments. The company successfully completed a demonstration of its autonomous truck platooning system in Québec, Canada, showcasing its commitment to innovation and supply chain reliability.
Furthermore, Baird has also increased its price target for Kratos shares to $40.00, citing the company’s transformational hypersonic contract win. This contract is expected to contribute to an incremental top-line growth of approximately 20% for Kratos’ KGS segment in 2026.
These recent developments highlight Kratos’ strategic positioning in both established and emerging defense markets, as well as its capacity to leverage existing technology to deliver value to both defense and commercial sectors. The company’s focus on unmanned systems, government services, and hypersonic technologies is expected to drive its continued growth and market performance.
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