On August 23, 2024, David Churchill, the Chief Human Resources Officer of CoreCivic Inc (NYSE:CXW), sold 15,000 shares of the company. The transaction was filed with the SEC on the same day. Following this sale, the insider now owns 214,056 shares of CoreCivic Inc.
CoreCivic Inc. is a diversified government solutions company that provides corrections and detention management, reintegration services, and government real estate solutions. The company operates facilities that include a range of services for government partners designed to help reduce recidivism and improve public welfare.
Over the past year, David Churchill has sold a total of 80,000 shares and purchased no shares of the company. This latest transaction continues a trend seen throughout the company. Over the past year, there were 17 insider sales and no insider purchases.
CoreCivic Inc.’s shares were trading at $13.61 on the day of the transaction. The company’s market capitalization is approximately $1.497 billion. CoreCivic Inc.’s price-to-earnings ratio is 22.63, which is higher than both the industry median of 17.9 and the company’s historical median.
The GF Value of the stock is calculated at $11.94, which means that CoreCivic Inc. is considered slightly overvalued at a price of $13.61 with a Price to GF Value ratio of 1.14.
Valuation metrics such as price-to-sales, price-to-book and price-to-free cash flow are derived from historical trading multiples, adjustments based on past performance and future business forecasts by Morningstar analysts.
This insider sale could be of interest to investors who follow insider behavior and compare the current valuation of the stock with its intrinsic value suggested by GF Value.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
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