SoFi CEO enters prepaid forward contract on 1.5 million shares
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.
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