Cadre Holdings CEO Warren Kanders sells $3.14 million in stock

Published 24/03/2025, 21:18
Cadre Holdings CEO Warren Kanders sells $3.14 million in stock

Warren B. Kanders, CEO and Chairman of Cadre Holdings , Inc. (NYSE:CDRE), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Kanders sold a total of 100,000 shares over two days, March 20 and March 21, 2025, generating approximately $3.14 million. The sales were executed at prices ranging from $30.98 to $31.88 per share. The transaction occurred as the company, currently valued at $1.27 billion, trades near its Fair Value according to InvestingPro analysis, with analysts setting price targets between $40 and $48.

Following these transactions, Kanders’ indirect ownership, through Kanders SAF, LLC, decreased, leaving him with 10,816,192 shares. The sales are part of his ongoing management of his investment portfolio, as indicated in the filing. The company maintains strong financial health with a current ratio of 3.48 and impressive revenue growth of 17.62% over the last twelve months. InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about CDRE’s financial performance.

In other recent news, Cadre Holdings reported mixed financial results for Q4 2024. The company missed earnings per share (EPS) expectations, posting $0.32 compared to the projected $0.49. However, Cadre Holdings exceeded revenue forecasts, achieving $175.98 million against an anticipated $162.81 million, marking a record for the company. The company also announced a strategic acquisition, agreeing to acquire the engineering division from Cars Group, which is expected to enhance its position in the nuclear safety market. Analysts have noted this as a critical step for Cadre Holdings, expanding its international footprint and product offerings. Additionally, the company provided guidance for 2025, projecting net sales between $572 million and $610 million, with adjusted EBITDA expected to range from $105 million to $115 million. Concerns remain regarding potential tariff impacts, which could cost $18-$22 million annually. Despite these challenges, Cadre Holdings remains focused on strategic initiatives and organic growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.