On November 4, 2024, Stephen Budorick, President and Chief Executive Officer of COPT Defense Properties (CDP, Financial), executed a sale of 9,000 shares of the company. The transaction was filed with the SEC and can be viewed in detail through the SEC Filing. Following this sale, the insider now owns 180,736 shares of COPT Defense Properties.
COPT Defense Properties specializes in office and data center properties primarily leased to the U.S. Government and defense contractors. These tenants tend to engage in defense information technology and national security-related activities.
Over the past year, the insider has sold a total of 9,000 shares and has not made any purchases. The broader insider transaction trend for COPT Defense Properties shows a total of 2 insider buys and 4 insider sells over the same period.
Shares of COPT Defense Properties were trading at $32.38 on the day of the sale, giving the company a market cap of approximately $3.65 billion. The price-earnings ratio stands at 26.56, which is above the industry median of 15.54.
The stock's valuation according to the GF Value is $25.26, indicating a price-to-GF-Value ratio of 1.28. This suggests that COPT Defense Properties is modestly overvalued. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
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.
