CACI International Inc (NYSE:CACI) director Gregory G. Johnson has sold a total of $85,638 worth of company stock, according to a recent SEC filing. The transactions occurred on June 12, 2024, with the stock being sold at prices ranging from $428.16 to $428.35 per share.
The recent filing indicates that Johnson sold 165 shares at $428.16 and another 35 shares at $428.35. Following these transactions, Johnson's remaining ownership in CACI stands at 6,078 shares of common stock. This move by a company insider may be of interest to investors who follow insider trading patterns as a component of their investment strategy.
CACI International Inc, headquartered in Reston, Virginia, specializes in providing information solutions and services to the defense, intelligence, and federal civilian government sectors. The company has been recognized for its expertise in areas such as cyber security, integrated security solutions, and business systems.
Investors and analysts often scrutinize insider sales as they can provide insights into an insider's view of the company's current valuation or future prospects. However, it's important to note that insider trading activity can be subject to a variety of personal financial considerations and may not necessarily reflect a negative outlook on the company's performance or potential.
CACI International Inc has not yet made any official comments regarding the transactions reported in the SEC filing. Investors interested in CACI's stock can continue to monitor the company's performance and any further insider trading activity for a better understanding of the company's position and insider sentiment.
In other recent news, CACI International has been making waves with robust third-quarter earnings and revenue results, surpassing both consensus and Stifel's estimates. The company reported an impressive earnings per share (EPS) of $5.74 and revenue of $1.94 billion. This strong performance led to a series of price target upgrades from notable firms. TD (TSX:TD) Cowen raised its price target from $400 to $435, citing CACI's consistent performance and promising growth through fiscal year 2025. Similarly, Wells Fargo (NYSE:WFC) increased its price target from $410 to $468, based on an optimistic view of the company's future performance. Stifel also demonstrated confidence in CACI, increasing the stock's price target to $440 from $430, following the company's third-quarter adjusted earnings report. These recent developments reflect a positive outlook for CACI International, with analysts projecting continued growth and success.
InvestingPro Insights
Amidst the news of director Gregory G. Johnson's recent stock sale, CACI International Inc (NYSE:CACI) appears strong in the financial markets. Real-time data from InvestingPro shows a robust performance in several key areas. The company's market capitalization stands at a solid $9.45 billion, reflecting investor confidence in its business model and market position. Additionally, CACI's price-to-earnings (P/E) ratio is currently 24.25, suggesting that the stock may be trading at a premium relative to near-term earnings growth, a sentiment echoed by one of the InvestingPro Tips.
Moreover, CACI's stock has been experiencing low price volatility, which could be appealing to investors seeking stability in their portfolio. The company's revenue growth over the last twelve months as of Q3 2024 has been notable at 10.28%, indicating a strong and growing business. Furthermore, CACI's stock has seen a significant price uptick of 31.63% over the last six months, demonstrating a positive trend in investor sentiment.
For those looking to delve deeper into CACI's financials and future outlook, there are additional InvestingPro Tips available that highlight aspects such as the company's moderate level of debt, its position near a 52-week high, and the analysts' predictions of profitability for the year. Interested investors can explore these insights and more by visiting https://www.investing.com/pro/CACI. Moreover, by using the coupon code PRONEWS24, readers can obtain an additional 10% off a yearly or biyearly Pro and Pro+ subscription to gain access to a total of 11 detailed InvestingPro Tips for CACI International Inc, which could further inform investment decisions.
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