On November 1, 2024, Cole Carter, the Executive Vice President, General Counsel, and Secretary of CoreCivic Inc (CXW, Financial), sold 8,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 199,847 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 include correctional and detention management, community reentry services, and real estate options.
Over the past year, Cole Carter, has sold a total of 63,345 shares and has not purchased any shares. This recent transaction continues a trend seen within the company, where there have been 18 insider sells and no insider buys over the past year.
Shares of CoreCivic Inc were trading at $13.98 on the day of the sale. The company's market cap is approximately $1.467 billion. The price-earnings ratio of 22.18 is higher than both the industry median of 18.11 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for CoreCivic Inc is $11.90 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.17.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative 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.
