On November 13, 2024, Robert Dennis, Director at CoreCivic Inc (CXW, Financial), executed a sale of 20,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 76,328 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, Robert Dennis has sold a total of 20,000 shares and has not made any purchases of the company's stock. The insider transaction history for CoreCivic Inc shows no insider buys in the past year, but there have been 22 insider sells.
Shares of CoreCivic Inc were trading at $22 on the day of the sale, 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.
The stock's GF Value is estimated at $12.63, indicating a price-to-GF-Value ratio of 1.74. This suggests that CoreCivic Inc is significantly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with 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, providing insight into how insiders view the stock's valuation at current levels.
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.
