GuruFocus - On August 14, 2024, Anthony Grande, Executive Vice President and Chief Development Officer of CoreCivic Inc (NYSE:CXW), executed a sale of 15,000 shares of the company. According to the SEC Filing, the transaction occurred at a stock price of $12.83 per share. Post-transaction, the insider owns 153,380 shares of the company.
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 healthcare.
Over the past year, Anthony Grande has sold a total of 55,000 shares and has not purchased any shares. This recent transaction follows a pattern observed in the insider transaction history for CoreCivic Inc, where there have been 18 insider sells and no insider buys over the past year.
The shares of CoreCivic Inc were trading at $12.83 on the day of the transaction, giving the company a market cap of approximately $1.41 billion. The price-earnings ratio of the stock stands at 21.30, which is above both the industry median of 17.12 and the companys historical median.
According to the GF Value, the intrinsic value estimate for CoreCivic Inc is $11.96 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.07.
This sale by the insider could be of interest to investors tracking insider behaviors and evaluating the stocks valuation metrics in relation to its current trading price.
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.
This content was originally published on Gurufocus.com
![Insider Sale: EVP, Chief Development Officer Anthony Grande Sells 15,000 Shares of CoreCivic ...](https://d68-invdn-com.investing.com/content/picafe7732741a988d1de0d496945cc42b7.png)