On May 21, 2024, Anthony Grande, Executive Vice President and Chief Development Officer of CoreCivic Inc (CXW, Financial), executed a sale of 15,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing.
CoreCivic Inc is a diversified government solutions company providing corrections and detention management, community reentry services, and government real estate solutions. The company operates facilities that include a range of services for government partners that are designed to help reduce recidivism and better the public good.
The shares were sold at a price of $15.51, totaling $232,650. Over the past year, the insider has sold a total of 85,000 shares of CoreCivic Inc, while no shares were purchased during the same period. The recent sale has contributed to a total of 19 insider sells over the past year, with no insider buys recorded.
As of the latest sale, CoreCivic Inc (CXW, Financial) holds a market cap of approximately $1.74 billion. The stock's price-earnings ratio stands at 27.93, which is above both the industry median of 17.72 and the company's historical median.
According to the GF Value, the intrinsic value of CoreCivic Inc is estimated at $11.56 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.34.
The above insider trend image reflects the recent selling activities within the company, indicating a possible trend among insiders.
The GF Value image above provides a visual representation of the stock's valuation compared to its calculated intrinsic value.
This sale by the insider might be of interest to current and potential investors, providing insight into the insider's perspective on the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
