How are energy investors positioned?
SAN DIEGO—Marie Mendoza, Senior Vice President and General Counsel of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 1,500 shares of the company’s common stock. The shares were sold at an average price of $27.12, totaling approximately $40,685.
This transaction was carried out under a pre-established 10b5-1 trading plan, initially adopted by Mendoza in March 2021 and amended in December 2023. Following the sale, Mendoza retains ownership of 60,443 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan and 401(k) Plan. According to InvestingPro data, Kratos maintains strong liquidity with a current ratio of 3.22, and investors should note the company’s upcoming earnings report on February 26.
Kratos Defense & Security Solutions, headquartered in San Diego, specializes in providing advanced technology solutions for the defense and security sectors.
In other recent news, Kratos Defense & Security Solutions has been at the center of several noteworthy developments. The company secured a monumental $1.45 billion contract for the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0, marking the largest contract in its history. This contract is expected to significantly enhance Kratos’s capabilities in hypersonic flight testing for the U.S. Department of Defense. Analysts from B.Riley upgraded Kratos’s stock from Neutral to Buy, raising the price target from $26 to $35 in response to this achievement. Similarly, Baird increased its price target for Kratos to $40, citing the transformational nature of the hypersonic contract and its potential to boost revenue by approximately 20% for the KGS segment in 2026.
In another development, Kratos successfully demonstrated its autonomous truck platooning system in Québec, Canada, showcasing its ability to navigate complex routes under challenging conditions. This demonstration is part of Kratos’s strategy to leverage its dual-use technology for both defense and commercial applications. JMP Securities also raised Kratos’s stock target to $40, maintaining a Market Outperform rating, driven by the company’s growth potential in defense markets. These recent developments underscore Kratos’s strategic positioning and ongoing innovation in defense and autonomous technologies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.