Steven Fendley, President of the US Division at Kratos Defense & Security Solutions Inc (KTOS, Financial), sold 7,000 shares of the company on September 30, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 363,417 shares of the company.
Kratos Defense & Security Solutions Inc specializes in advanced defense technology, focusing on unmanned systems, satellite communications, cybersecurity/warfare, and microwave electronics among other areas in the defense sector.
Over the past year, Steven Fendley has sold a total of 123,000 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 55 insider sells and only 2 insider buys over the past year.
Shares of Kratos Defense & Security Solutions Inc were trading at $23.37 on the day of the sale. The company has a market cap of approximately $3.826 billion. The price-earnings ratio stands at 362.00, significantly higher than both the industry median of 35.39 and the company's historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.33, based on a GF Value of $17.56. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels concerning the company's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
