In a recent transaction on March 13, Debora A. Plunkett, a director of CACI International Inc. (NYSE:CACI), sold 270 shares of company stock at an average price of $373.82, totaling $100,931. The sale was disclosed in a filing with the Securities and Exchange Commission.
The transaction has adjusted Plunkett's direct ownership in the company to 2,146 shares. The reported sale took place amidst the regular trading of CACI International's stock, which is known for its work in computer integrated systems design.
Investors often monitor insider transactions as they provide insights into how the company's leadership perceives the value of the stock. In the case of CACI International, the sale by a director might attract attention from the market as it represents a significant amount of stock being sold.
CACI International Inc., headquartered in Reston, Virginia, has a strong presence in the technology sector, providing services that are essential to government and commercial clients. The company's stock performance is closely watched by investors who are interested in the defense and technology services industry.
The details of the transaction are publicly available and provide transparency into the actions of the company's directors. As with all insider transactions, the sale by Debora A. Plunkett offers a glimpse into the internal financial movements of CACI International, but it does not necessarily indicate a broader trend or change in the company's prospects.
Investors and analysts often use this information as one of many factors in their decision-making process when considering CACI International's stock for their portfolios. As always, it is recommended that such transactions be considered alongside other market data and in the context of the company's overall performance and strategy.
InvestingPro Insights
In light of recent insider transactions at CACI International Inc. (NYSE:CACI), investors may find InvestingPro's data and insights to be particularly useful. The company's management has demonstrated confidence in CACI's value through aggressive share buybacks, as noted in one of the InvestingPro Tips. Additionally, the stock is currently trading near its 52-week high, with a price 97.29% of that peak, indicating a strong market sentiment towards the company.
From a financial perspective, CACI International boasts a solid market capitalization of $8.3 billion, reflecting its significant presence in the technology and defense sector. The company's P/E ratio stands at 22.42, which, while on the higher side, may be justified by the 10.03% revenue growth over the last twelve months as of Q2 2024. This growth narrative is further bolstered by a 9 analyst consensus revising their earnings estimates upwards for the upcoming period, as highlighted by another InvestingPro Tip.
For investors seeking more in-depth analysis and additional InvestingPro Tips, including the company's debt levels, earnings predictions, and long-term performance, there are 11 more tips available on InvestingPro's platform. To explore these insights further, consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
These metrics and insights provide a richer context for understanding the significance of insider transactions like that of Debora A. Plunkett and can help investors make more informed decisions regarding CACI International's stock.
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