On November 11, 2024, Harley Lappin, Director at CoreCivic Inc (CXW, Financial), executed a sale of 28,277 shares of the company. The transaction was documented in an SEC Filing. Following this transaction, the insider now owns 65,229 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, residential reentry centers, and supervised release programs.
Over the past year, Harley Lappin has sold a total of 28,277 shares and has not purchased any shares. The insider transaction history for CoreCivic Inc shows a total of 22 insider sells and no insider buys over the past year.
Shares of CoreCivic Inc were trading at $24.21 on the day of the transaction, giving the company a market cap of approximately $2.36 billion. The price-earnings ratio of the stock stands at 31.99, which is above both the industry median of 18.14 and the company's historical median.
According to the GF Value, the intrinsic value estimate for CoreCivic Inc is $12.63 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.92.
This sale by the insider could be of interest to investors tracking insider behaviors and evaluating the valuation metrics of CoreCivic Inc.
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