Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
L3Harris Technologies (NYSE:LHX) Chair and CEO Christopher E. Kubasik sold 72,000 shares of company stock on July 29, 2025, for approximately $19.5 million. The sales were executed at a weighted average price of $271.14, with individual prices ranging from $269.92 to $272.31. The transaction comes as the $50.8 billion aerospace and defense company trades near its 52-week high of $280.03, having gained nearly 30% over the past six months.
On the same day, Kubasik also exercised options to acquire 72,000 shares of L3Harris Technologies common stock at a price of $149.31, totaling $10.7 million. According to InvestingPro data, the stock currently trades at a P/E ratio of 30.17, with analysts maintaining a positive outlook for the company’s profitability this year.
Following these transactions, Kubasik directly owns 145,577.82 shares of L3Harris Technologies, Inc. He also indirectly owns 30,000 shares through a grantor retained annuity trust. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access the detailed Pro Research Report, available for over 1,400 US stocks.
In other recent news, L3Harris Technologies reported impressive second-quarter earnings for 2025, with non-GAAP adjusted earnings per share reaching $2.78. This figure surpassed the consensus estimate of $2.49, indicating a strong performance for the company. Revenue for the quarter also exceeded expectations, coming in at $5.43 billion against a forecast of $5.31 billion. Analyst firms have responded positively to these results, with Bernstein raising its price target for L3Harris to $324 from $286 while maintaining an Outperform rating. Similarly, RBC Capital increased its price target to $280 from $265, keeping a Sector Perform rating on the stock. The company also reported 6% organic growth and a book-to-bill ratio of 1.5x for the quarter, further underscoring its robust performance. These developments have led to increased investor interest and optimism surrounding L3Harris.
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