Have CoreCivic Insiders Been Selling Stock?

Some CoreCivic, Inc. (NYSE:CXW) shareholders may be a little concerned to see that the Executive VP & Chief Innovation Officer, Lucibeth Mayberry, recently sold a substantial US$505k worth of stock at a price of US$12.63 per share. That sale reduced their total holding by 23% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At CoreCivic

The President, Damon Hininger, made the biggest insider sale in the last 12 months. That single transaction was for US$739k worth of shares at a price of US$14.62 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$12.78). So it may not shed much light on insider confidence at current levels.

Insiders in CoreCivic didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. CoreCivic insiders own about US$31m worth of shares. That equates to 2.2% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Do The CoreCivic Insider Transactions Indicate?

Insiders sold CoreCivic shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing CoreCivic. At Simply Wall St, we've found that CoreCivic has 5 warning signs (2 are a bit unpleasant!) that deserve your attention before going any further with your analysis.

Of course CoreCivic may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.