Pres. Ibrahim Jalal sold 35,000 KBR shares at $66.56 for $2.3M; retains 106,550 shares after -24.7% reduction
Ibrahim Jalal, President of Sustainable Tech Solutions, executed a sale of 35,000 shares at $66.56 on 2024-08-19, reducing his holdings by 24.7% from 141,550 to 106,550 shares. KBR carries a P/E of 44.18 despite reporting full-year net income that was negative, indicating market pricing may not align with recent earnings fundamentals. The company reported revenue of $1,855,000,000.00 and net income of $106,000,000.00 in its latest quarter, with annual revenue growth of +6.0%, suggesting operational improvement that has not yet translated to full-year profitability. The current stock price of $66.27 is 3.4% below the 52-week high of $68.59 and 1.2% below the transaction price, placing this sale near recent resistance levels.