On November 6, 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 documented in an SEC Filing. Following this sale, the insider now owns 162,736 shares of COPT Defense Properties.
COPT Defense Properties specializes in office and data center properties used by the U.S. Government and defense contractors. These properties are primarily located in major defense locations and are mission-critical to the operations of its tenants.
Over the past year, Stephen Budorick has sold a total of 27,000 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 6 insider sells and only 2 insider buys over the past year.
Shares of COPT Defense Properties were trading at $32.64 on the day of the sale. The company has a market cap of approximately $3.649 billion. The price-earnings ratio stands at 26.54, which is above the industry median of 15.495.
The stock's valuation, according to the GF Value, is set at $26.26, indicating that COPT Defense Properties is modestly overvalued with a price-to-GF-Value ratio of 1.24.
The GF Value is calculated based on historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
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.
