Cadre Holdings CEO Makes Multi-Million Dollar Stock Sale
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Cadre Holdings CEO Warren Kanders sold 1,343,941 shares worth $52.4 million. The company secured a $50 million contract with the U.S. Department of Defense and acquired TYR Tactical, boosting its market position. Q3 financials showed a 42% increase in net sales and a 66% rise in gross profit. Analysts raised price targets, citing strong demand in law enforcement, military, and nuclear markets. Challenges include order timing in the nuclear sector and potential government shutdown impacts. TipRanks’ AI Analyst rates CDRE as Outperform, noting bullish momentum but cautioning on high P/E ratio.
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