On August 14, 2024, Anthony Grande, Executive Vice President and Chief Development Officer of CoreCivic Inc (NYSE:CXW), sold 15,000 shares of the company’s stock. According to the SEC filing, the transaction was made at a share price of $12.83 per share. After the transaction, the insider owns 153,380 shares of the company’s stock.
CoreCivic Inc. is a diversified government solutions company that provides corrections and detention management, rehabilitation services, and government real estate solutions. The company operates facilities that provide a range of services to government partners, including security, inmate rehabilitation, education, and healthcare.
Over the past year, Anthony Grande has sold a total of 55,000 shares and purchased no shares. This latest transaction follows a pattern observed in the insider transaction history of CoreCivic Inc., where there were 18 insider sales and no insider purchases over the past year.
CoreCivic Inc. shares traded at $12.83 on the day of the transaction, giving the company a market capitalization of approximately $1.41 billion. The stock’s price-to-earnings ratio is 21.30, which is above both the industry median of 17.12 and the company’s historical median.
According to GF Value, the estimated intrinsic value of CoreCivic Inc. is $11.96 per share, making the stock fairly valued at a price-to-value ratio of 1.07.
This sale by the insider could be of interest to investors who track insider behavior and evaluate the stock’s valuation metrics relative to its current trading price.
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