On November 11, 2024, Anne Mariucci, Director at CoreCivic Inc (CXW, Financial), executed a sale of 10,000 shares of the company at a price of $24 per share. This transaction was filed with the SEC and can be viewed in detail at the SEC Filing. Following this transaction, the insider now owns 101,936 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 security, inmate rehabilitation, education, and health care.
Over the past year, Anne Mariucci has sold a total of 10,000 shares and has not purchased any shares. The overall insider transaction history for CoreCivic Inc shows a trend with 0 insider buys and 20 insider sells over the past year.
Shares of CoreCivic Inc were trading at $24 on the day of the transaction, giving the company a market cap of approximately $2.44 billion. The price-earnings ratio of the company stands at 32.99, which is above both the industry median of 18.12 and the historical median for the company.
According to the GF Value, CoreCivic Inc has a GF Value of $12.63, indicating that at the current price of $24, the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.9.
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 recent insider sell might provide investors with context about the insider's perspective on the stock's valuation and future performance, considering the current market conditions and the company's valuation metrics.
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.
