Steven S. Fendley, president of Kratos Defense & Security Solutions' U.S. division, sold 7,000 shares of common stock on August 24, 2026, for a total of $393,120 at $56.16 per share.
The sale was executed under a Rule 10b5-1 trading plan adopted on May 12, 2025. Following the transaction, Fendley directly holds 288,111 shares, including approximately 2,439 shares held through the company's 401(k) plan.
Kratos reported second-quarter revenues of approximately $459 million, a 30% increase year-over-year. Adjusted earnings per share reached $0.21, exceeding consensus estimates of $0.16, while adjusted EBITDA totaled $38.2 million, beating expectations by 10.7%. The company raised its full-year organic revenue growth outlook to 19% to 23%, up from the prior forecast of 15% to 20%.
Analysts maintained mixed but largely positive views on the stock. Stifel kept its Buy rating but lowered its price target to $115 from $134, citing foreign exchange headwinds. Canaccord raised its target to $135 from $130 while maintaining a Buy rating, and Piper Sandler upgraded the stock to Overweight from Neutral, citing improved near-term growth visibility. Citizens reiterated a Market Outperform rating with a $105 price target.
Management highlighted a $15 billion bid-and-proposal pipeline, emphasizing growth in hypersonics, engines, and unmanned systems. The company also noted a large investment program aimed at expanding future production capacity.
