On May 21, 2024, David Garfinkle, Executive Vice President and Chief Financial Officer of CoreCivic Inc (CXW, Financial), executed a sale of 30,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, over the past year, the insider has sold a total of 75,000 shares and has not made any purchases.
CoreCivic Inc, a company specializing in the ownership and management of private prisons and detention centers, has seen a pattern of insider selling with no insider buys over the past year, totaling 19 sales transactions.
On the date of the latest sale by the insider, shares of CoreCivic Inc were priced at $15.23. This pricing positions the company with a market cap of approximately $1.74 billion. The price-earnings ratio of the stock stands at 27.93, which is above both the industry median of 17.72 and the historical median for the company.
According to the GF Value assessment, CoreCivic Inc is currently significantly overvalued, with a price-to-GF-Value ratio of 1.32. The GF Value of $11.56 suggests a potential overvaluation in comparison to the current trading price.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent insider transaction could provide investors with insights into the insider's perspective on the stock's 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.
