Some CoreCivic, Inc. (NYSE:CXW) shareholders may be a little concerned to see that the Executive VP & Chief Strategy Officer, Lucibeth Mayberry, recently sold a substantial US$4.0m worth of stock at a price of US$33.29 per share. That diminished their holding by a very significant 61%, which arguably implies a strong desire to reallocate capital.

CoreCivic Insider Transactions Over The Last Year

In fact, the recent sale by Lucibeth Mayberry was the biggest sale of CoreCivic shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$31.60. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in CoreCivic didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like CoreCivic better if I see some big insider buys.

Insider Ownership Of CoreCivic

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 2.9% of CoreCivic shares, worth about US$98m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About CoreCivic Insiders?

Insiders sold CoreCivic shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, CoreCivic makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 3 warning signs (2 are significant!) that you ought to be aware of before buying any shares in CoreCivic.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.

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.