Steven S. Fendley, President of the US Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), sold a total of 7,000 shares of common stock for an aggregate value of $400,692 on May 26, 2026.
The sales were executed in multiple transactions. One transaction involved 4,644 shares sold at a weighted average price of $56.9172 per share, with individual prices ranging from $56.46 to $57.38. Another 2,336 shares were sold at a weighted average price of $57.8753 per share, with prices ranging from $57.46 to $58.45. A smaller transaction included 20 shares sold at $58.62 per share. All these transactions were conducted under a pre-arranged 10b5-1 trading plan, which Mr. Fendley adopted on May 12, 2025.
Following these sales, Mr. Fendley directly holds 344,090 shares of Kratos Defense & Security Solutions common stock. This total includes approximately 2,418 shares held through the company's 401(k) Plan.
In other recent news, Kratos Defense reported impressive first-quarter fiscal 2026 results, with adjusted earnings per share of $0.16, surpassing the consensus estimate of $0.13. Revenue reached $371 million against an expected $343.1 million, a year-over-year increase of approximately 23%. Additionally, Kratos announced the selection of Odon, Indiana, for a new hypersonic test facility under Project Helios.
Despite strong financial results, Citizens lowered its price target for Kratos shares to $105 from $125, maintaining a Market Outperform rating. BTIG also adjusted its price target to $100 from $115. These developments reflect ongoing strategic decisions and market evaluations.
