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Booz Allen Hamilton EVP & general counsel sells $124,380 in stock

Booz Allen Hamilton EVP & general counsel sells $124,380 in stock

Booz Allen Hamilton's Executive Vice President and General Counsel, Joshua Petty, sold 1,500 shares of the company's Class A Common Stock on October 28, 2026, in a transaction valued at $124,380. Following the sale, Petty's direct beneficial ownership in Booz Allen reduced to 8,538 shares. Despite the stock's recent climb to $88.49, marking a 13% gain over the past week, the sale highlighted reduced holdings by a key executive.

Booz Allen's Pro Research Report suggests the company is undervalued at current levels, providing investors with comprehensive insights. The company's Board of Directors recently approved a change to the vesting schedule for 3,004 restricted stock units previously granted to Petty, altering the previously three-year vesting to quarterly.

This modification led to approximately 16.67% of the units vesting on November 6, 2026, with the remaining shares set to vest over the next ten quarters starting in January 2027. Booz Allen's fiscal second-quarter adjusted earnings per share came in at $1.76, exceeding expectations of $1.48. However, revenue for the quarter was $2.8 billion, slightly below the forecasted $2.81 billion, indicating a 3.9% year-over-year decline.

The company reported strong cash flow with $263 million in free cash flow, fueled by robust collections. The company's total backlog reached nearly $41 billion, with a 5% increase in funded backlog to $5.7 billion, signaling positive future prospects. Analyst opinions varied, with UBS raising its price target to $86, TD Cowen upgrading to a Buy rating with a target of $95, and BofA Securities lowering its target to $68.

These mixed signals present a complex scenario for investors, weighing strong earnings against revenue challenges.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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