President Brad Williams Sold A Bunch Of Shares In Cadre Holdings

Some Cadre Holdings, Inc. (NYSE:CDRE) shareholders may be a little concerned to see that the President, Brad Williams, recently sold a substantial US$1.2m worth of stock at a price of US$43.62 per share. That sale reduced their total holding by 26% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At Cadre Holdings

The Executive Chairman & CEO, Warren Kanders, made the biggest insider sale in the last 12 months. That single transaction was for US$6.6m worth of shares at a price of US$33.86 each. That means that an insider was selling shares at slightly below the current price (US$40.21). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 1.8% of Warren Kanders's holding.

In the last year Cadre Holdings insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Cadre Holdings

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Insider Ownership Of Cadre Holdings

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cadre Holdings insiders own about US$549m worth of shares (which is 32% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

What Might The Insider Transactions At Cadre Holdings Tell Us?

An insider sold Cadre Holdings shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Cadre Holdings is profitable and growing, we're not too worried by this. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example - Cadre Holdings has 1 warning sign we think you should be aware of.

Of course Cadre Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.