On November 5, 2024, Stephen Budorick, President and Chief Executive Officer of COPT Defense Properties (CDP, Financial), executed a sale of 9,000 shares of the company. The transaction was filed on November 6, 2024, as per the SEC Filing. Following this sale, the insider now owns 171,736 shares of COPT Defense Properties.
COPT Defense Properties specializes in office and data center properties used by the U.S. Government and defense contractors. Most of these properties are engaged in national security, defense, and information technology sectors with high barriers to entry.
Over the past year, Stephen Budorick has sold a total of 18,000 shares and has not purchased any shares. This recent transaction is part of a broader trend within the company, where there have been 5 insider sells and only 2 insider buys over the past year.
Shares of COPT Defense Properties were trading at $32.41 on the day of the sale, giving the company a market cap of approximately $3.68 billion. The price-earnings ratio of the stock stands at 26.74, which is above the industry median of 15.625.
The stock's GF Value is estimated at $26.28, indicating that with a trading price of $32.41, COPT Defense Properties is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.23.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might draw the attention of current and potential investors, as insider transactions can provide insights into how the company's top executives view the stock's current valuation and future prospects.
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.
