Warren B. Kanders, serving as both Chairman and Chief Executive Officer of Cadre Holdings Inc. (NASDAQ: CDRE), executed a series of stock transactions totaling approximately $6.54 million between June 15 and June 17, 2026. The divestment involved 225,000 shares sold through Kanders SAF, LLC, an entity managed solely by Kanders. This activity occurs as the company navigates a challenging market environment, with its shares declining roughly 29% over the preceding six months. Cadre Holdings currently trades at $28.17, maintaining a market capitalization of $1.23 billion. Despite the recent downturn, analyst sentiment remains bullish, with price targets ranging from $40 to $62 per share, suggesting the stock may be undervalued at current levels according to InvestingPro analysis.
The first transaction occurred on June 15, when Kanders disposed of 100,000 shares at a weighted average price of $30.03 per share. These shares were sold in multiple transactions with prices ranging from $29.07 to $31.03. The following day, June 16, another 100,000 shares were sold at a weighted average price of $28.19 per share, with individual sales occurring between $26.905 and $28.995. The final transaction took place on June 17, involving the sale of 25,000 shares at a weighted average price of $28.68 per share, with prices ranging from $28.12 to $29.09.
All reported sales were indirect holdings, held by Kanders SAF, LLC, where Mr. Kanders serves as the sole manager and member. Following these transactions, Kanders SAF, LLC holds 9,692,039 shares of Cadre Holdings common stock.
In addition to the indirect holdings through Kanders SAF, LLC, Mr. Kanders directly holds 22,888 shares of common stock. He also holds indirect ownership of 1,305,650 shares through the Warren B. Kanders Roth IRA and 23,450 shares through the Allison Kanders Roth IRA. Allison Kanders is the Reporting Person’s spouse. Mr. Kanders disclaims beneficial ownership of the securities held by Kanders SAF, LLC and Allison Kanders Roth IRA, except to the extent of his pecuniary interest in such securities.
In other recent news, Cadre Holdings reported its first-quarter 2026 earnings, which fell short of analyst expectations. The company posted an earnings per share of $0.05, missing the anticipated $0.10, a 50% shortfall. Revenue also came in below forecasts, totaling $155.4 million compared to the expected $156.66 million. In a separate development, Cadre Holdings announced that its subsidiary, Safariland, has been selected as the ballistic panel provider for Predictive Ballistics LLC’s Overt Armor Kit. This contract, valued at $61 million, was awarded by the Federal Bureau of Investigation. The five-year Indefinite Delivery/Indefinite Quantity contract also extends the armor system’s availability to the United States Marshals Service, the Drug Enforcement Administration, and other Department of Justice agencies. These recent developments provide insights into Cadre Holdings’ current business activities.