Marie Mendoza, the Senior Vice President and General Counsel at Kratos Defense (NASDAQ:) & Security Solutions Inc. (NASDAQ:KTOS), recently sold 1,500 shares of the company’s common stock. The shares were sold at a weighted average price of approximately $27.96, resulting in a total transaction value of $41,941. Following this sale, Mendoza retains ownership of 55,631 shares, which include shares acquired through the company’s Employee Stock Purchase Plan and 401(k) Plan. This transaction was conducted under a 10b5-1 trading plan, which Mendoza had initially adopted in March 2021 and amended in December 2023. InvestingPro analysis indicates the stock is trading above its Fair Value, with high EBIT and EBITDA multiples. Investors can access detailed valuation metrics and 12 additional ProTips for KTOS through InvestingPro’s comprehensive research reports.
In other recent news, Kratos Defense & Security Solutions has secured a $6.5 million contract from the Defense Advanced Research Projects Agency (DARPA) for hypersonic flight testing. This contract is a part of the company’s ongoing partnership with government agencies to advance defense technology. Meanwhile, Kratos reported strong Q3 2024 revenues of $275.9 million, surpassing estimates, and projects a 10% year-over-year revenue growth for 2025. The company is also expanding its manufacturing capabilities, with new facilities planned to open in Israel and India in Q2 2025.
In terms of analyst views, Jefferies maintained a Hold rating on Kratos’ shares, raising the price target from $25.00 to $30.00, reflecting a more optimistic outlook on the company’s growth potential in the defense sector. Recent developments for Kratos include significant opportunities in hypersonics that could reach $1 billion over five years and the pursuit of large contracts, including a potential $1.5 billion award. Despite facing challenges in hiring skilled personnel and disruptions in the commercial satellite sector, Kratos remains confident in its growth potential, particularly in the international target drone market and driverless vehicle solutions.
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