On November 13, 2024, Devin Murphy, Director of CoreCivic Inc (CXW, Financial), executed a sale of 15,468 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 55,475 shares of the company.
CoreCivic Inc (CXW, Financial) 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 help reduce recidivism and better the public good.
Over the past year, Devin Murphy has sold a total of 15,468 shares and has not made any purchases of the company's stock. This recent transaction continues a trend seen within the company, where there have been 22 insider sells and no insider buys over the past year.
Shares of CoreCivic Inc were trading at $22.5 on the day of the transaction. The company has 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 of CoreCivic Inc's stock is estimated at $12.63 per share, making the stock Significantly Overvalued with a price-to-GF-Value ratio of 1.78.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by Devin Murphy might be of interest to investors tracking insider activities, especially considering the valuation metrics and the recent trading price relative to the GF Value, suggesting a potential reassessment of the stock's intrinsic value might be warranted.
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.
