10 Mid-Cap Stocks Insiders Are Selling Recently

5. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Number of Insiders Selling: 8

Market Capitalization: $4.916B

Kratos Defense & Security Solutions, Inc. is a California-based provider of unmanned systems, satellite communications and cybersecurity solutions for the defense and security sectors. Among its customers are the U.S. federal government, foreign governments, and commercial enterprises.

In December and January, eight insiders sold a total of around $2.09 million worth of Kratos Defense’s shares at an average price of about $29.26 per share. The stock is now trading at $33.09 per share, having gained 25.44% year-to-date. Over the last 12 months, the company’s shares went up 80.03%.

As per data from Stock Analysis, the average rating for Kratos Defense stock from 11 analysts is “Buy.” The 12-month stock price forecast is $28.4.

For the third quarter of 2024, Kratos Defense reported revenues of $275.9 million, up from $274.6 million in the same period of 2023. The company also disclosed a net income of $3.2 million, compared to a net loss of $1.6 million in the third quarter of 2023. In January, Kratos Defense announced it was awarded a Geolocation Global Support Services (GGSS) contract in the amount of $48 million, and a a five-year OTA contract for the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0 under Task Area 1, with the total value of this award if all options are exercised over the five years being $1.45 billion.

Recently, Jim Cramer commented on Kratos Defense stock saying “Modern military, modern defense, I like the story very much. I think you’re in good shape.”