Insider Selling: Cadre (NYSE:CDRE) CEO Sells 100,000 Shares of Stock

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Cadre Holdings, Inc. CEO Warren Kanders sold 100,000 shares of the company’s stock on March 23rd for over $3.19 million, reducing his stake by 1%. This comes after Cadre missed its quarterly earnings and revenue expectations, reporting $0.27 EPS against an anticipated $0.47, and revenues of $167.2 million which were below the $182.9 million expected. Despite the insider selling and missed earnings, the company increased its quarterly dividend to $0.10 per share, and analysts maintain a “Moderate Buy” rating with a $43 consensus price target.

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