On September 3, 2024, Cole Carter, the Executive Vice President, General Counsel, and Secretary of CoreCivic Inc (CXW, Financial), executed a sale of 8,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 215,847 shares of CoreCivic Inc.
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 offer safe and secure management of inmates and detainees.
Over the past year, Cole Carter, has sold a total of 57,345 shares and has not made any purchases of the stock. This recent transaction continues a trend seen across the company, where there have been 18 insider sells and no insider buys over the same period.
Shares of CoreCivic Inc were trading at $13.28 on the day of the sale. The company's market cap is approximately $1.46 billion. The price-earnings ratio stands at 22.00, which is above both the industry median of 17.91 and the company's historical median.
The stock's GF Value is estimated at $11.93, indicating that at a price of $13.28, CoreCivic Inc is modestly overvalued with a price-to-GF-Value ratio of 1.11.
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 insider sale might interest investors tracking insider behaviors and evaluating the stock's valuation metrics in relation to its current trading price.
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.
