CACI International Inc (NYSE:CACI) director William L. Jews has sold 2,000 shares of the company's common stock, according to a recent SEC filing. The transaction, which took place on May 28, 2024, resulted in a total sale value of approximately $857,140.
The shares were sold at a weighted average price of $428.57, with individual transaction prices ranging from $428.15 to $428.71. This range indicates a slight fluctuation in the trading price on the day of the sale. Following this transaction, Jews' ownership in the company stands at 6,825 shares of CACI common stock.
The sale comes amid regular trading activities by corporate insiders, which are often scheduled in advance through trading plans. Investors monitor these sales as part of their due diligence, as they can provide insights into an insider's perspective on the company's current valuation and future prospects.
CACI International Inc, with a trading symbol of CACI, is known for its expertise in computer integrated systems design and operates primarily within the technology sector. The company's performance and the transactions of its directors and officers are closely watched by shareholders and market analysts.
William L. Jews' recent stock sale represents a notable change in his investment position, and it remains to be seen how this will be interpreted by the market. As of now, there has been no official statement from CACI International Inc or Jews regarding the rationale behind the sale.
InvestingPro Insights
As investors and analysts scrutinize the recent insider sale at CACI International Inc, it's crucial to consider the broader financial context provided by InvestingPro metrics. CACI International, with a market capitalization of approximately $9.35 billion, is trading at a P/E ratio of 24.01. This valuation comes as the company has shown a healthy revenue growth of 10.28% over the last twelve months as of Q3 2024, underlining its solid performance in the technology sector.
One InvestingPro Tip that stands out is the company's low price volatility, which suggests a stable investment for shareholders who prefer less fluctuation in their stock value. Additionally, CACI International has been profitable over the last year, reinforcing its position in the market.
Another key InvestingPro Tip is the stock's proximity to its 52-week high, trading at 97.27% of this benchmark. This could indicate strong market confidence in the company, with the price reflecting near peak valuation over the last year.
For those considering a deeper analysis, there are additional InvestingPro Tips available, which can provide further insights into CACI International's financial health and future prospects. With the use of coupon code PRONEWS24, investors can receive an extra 10% off a yearly or biyearly Pro and Pro+ subscription, granting access to an expanded range of metrics and analysis tools. Currently, there are 11 additional InvestingPro Tips listed for CACI International, offering a comprehensive understanding of the company's performance and potential.
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