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In a recent transaction, Jonathan Beaudoin, the Chief Operating Officer of Karman Holdings Inc. (NASDAQ:KRMN), sold 72,727 shares of the company’s common stock. The shares were sold at a price of $22 each, amounting to a total transaction value of approximately $1.6 million. The stock currently trades at $31, representing a 41% increase from the sale price, with average daily trading volume of 4.32 million shares. This sale was part of the company’s initial public offering, which concluded on February 14, 2025. Following this transaction, Beaudoin retains ownership of 820,861 shares in the company. The stock has shown strong momentum, trading near its 52-week high of $32.39, with a year-to-date return of 3.16%. For comprehensive insider trading analysis and additional metrics, check out InvestingPro.
In other recent news, Karman Holdings made a notable entrance into the market with its initial public offering (IPO) opening at $30, surpassing the initial pricing set at $22. The company offered 23 million shares, exceeding the anticipated range of $18 to $20. Karman Holdings, also known as Karman Space and Defense, distributed 8,421,053 shares of common stock, while selling stockholders contributed an additional 12,631,579 shares, which was 1.9 million more than initially projected. The company is now listed on the New York Stock Exchange (NYSE). Citi, Evercore ISI, RBC Capital Markets, William Blair, and Baird served as joint bookrunners for the IPO. These developments mark a significant step for Karman Holdings as it enters the public market.
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