CoreCivic Exec Sells 29,000 Shares, Netting Nearly $1 Million
Key Points
The transaction was valued at $981,378.
The sale reduced the executive's direct ownership of common stock by 15%.
The analysts who rate the stock see more upside ahead over the next year.
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Anthony L. Grande, EVP, Chief Development Officer of CoreCivic (NYSE:CXW), sold 29,199 shares of common stock on Aug. 17, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $981,378 |
| Shares sold | 29,199 |
| Post-transaction shares (directly held) | 165,000 |
| Post-transaction value | $5.5 million |
Transaction value based on SEC Form 4 weighted average sale price ($33.61); post-transaction value based on Aug. 17, 2026, market close ($33.58).
Key questions
- What is the scale of this disposition relative to the executive's total equity position?
The sale of 29,199 shares liquidated 15% of Grande's direct holdings, leaving a remaining balance of approximately 165,000 shares valued at $5.5 million as of the Aug. 17, 2026, market close. - At what price levels was the transaction executed?
The shares were sold at a weighted average price of $33.61, which closely aligns with the $33.58 market close on the transaction date. - How has the stock performed leading up to this filing?
The stock climbed 61% in 2026 as of Aug. 17, with shares priced at $33.79 at the Aug. 27, 2026, market close. - Are there any indirect holdings or secondary share classes involved?
The filing indicates that all equity interests are held directly by the executive, with no beneficial ownership reported through trusts, LLCs, or other indirect entities.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-14) | $32.82 |
| Market Capitalization | $3.3 billion |
| Revenue (TTM) | $2.5 billion |
| Net Income (TTM) | $127.9 million |
Company Snapshot
- CoreCivic specializes in the ownership and management of correctional institutions, detention centers, and residential reentry facilities across the United States, generating revenue through government contracts for the administration of correctional and detention services.
- The company operates through providing comprehensive facility management, inmate services, and ancillary support services to government partners on a contract basis.
- CoreCivic's primary customers are federal, state, and local government agencies that contract for the operation and management of correctional and detention facilities, representing a stable, recurring revenue stream from public sector partners.
CoreCivic is a leading specialty real estate investment trust with a diversified portfolio of correctional and detention facilities generating $2.5 billion in TTM revenue and $127.9 million in net income. The company maintains a strategic market position through long-term government contracts that provide revenue stability and predictability. CoreCivic's competitive advantage derives from its operational expertise in facility management, established relationships with government agencies, and a geographically diversified portfolio of specialized real estate assets.
What this transaction means for investors
On the surface, an executive selling nearly $1 million worth of stock could sound alarming. But given the context of how many shares Grande still holds and how well the stock price has performed, this transaction seems to largely be routine. Over the last 12 months, the CoreCivic stock price has climbed 66.7%, while the S&P 500 has climbed 19.3%. It appears that Grande is just selling some shares to take advantage of the surge in the stock price, as he still directly holds nearly 165,000 shares.
The company is fresh off a strong second-quarter 2026 report, with total revenue of $648.9 million, up 27.3%. Although only four analysts cover the stock, all four rate it a buy. According to CNN, the group has a median one-year price target of $42 on CoreCivic, which would be a 24.2% gain from today's price. The highest price target in the group is $45, while the lowest, at $40, indicates that all targets project CoreCivic's stock price to continue to have a strong performance over the next year.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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