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CACI International Inc. (NYSE:CACI) director Gregory G. Johnson has recently sold a portion of his holdings in the company. The transaction, which took place on August 22, 2024, involved the sale of 300 shares of CACI Common Stock at a price of $471 per share, totaling $141,300.
This sale has adjusted Johnson's position in the company, leaving him with a total of 5,910 shares of CACI International Inc. following the transaction. It's worth noting that the shares were sold directly by Johnson, indicating a personal change in his investment in the company.
Investors often monitor insider transactions as they can provide insights into how the company's executives view the stock's value and future performance. However, it is also common for executives to sell shares for personal financial management reasons that are not necessarily indicative of the company's outlook.
CACI International Inc. specializes in computer integrated systems design and has a broad presence in the technology sector. As with all trading activities by company insiders, this sale has been publicly reported in accordance with SEC regulations.
For current and potential investors, keeping an eye on insider transactions such as these may be a component of their strategy to understand market sentiment and make informed investment decisions.
In other recent news, CACI International has been awarded a $239 million task order by the U.S. Army to provide intelligence analysis and operations support to U.S. forces in Europe and Africa. This six-year contract involves all-source and single-discipline intelligence, cross-functional analysis, multi-domain operations and planning, security support, and information system operations, maintenance, and sustainment. CACI will also employ its DarkBlue Intelligence Suite, a technology designed for dark web reconnaissance, exploitation, and analysis.
In financial news, the company witnessed significant growth in the fourth quarter and fiscal year 2024, with revenue surging by 20% in Q4 and 14% for the full year. CACI's EBITDA reached nearly $800 million, and its free cash flow surpassed $380 million. The company's backlog rose to a robust $32 billion, marking a 22% year-over-year increase.
Analyst firm Baird has raised its stock price target for CACI International to $544, maintaining an Outperform rating. This optimism is rooted in CACI's multi-year backlog and its pioneering position in various technologies. Looking ahead, CACI projects a revenue growth of 6% to 8.5% for fiscal year 2025, with an expected 11% increase in free cash flow per share.
InvestingPro Insights
Amidst the news of insider selling at CACI International Inc. (NYSE:CACI), it's important for investors to consider the broader financial landscape of the company. According to InvestingPro data, CACI International has a market capitalization of $10.54 billion and is trading with a P/E ratio of 25.24, reflecting investor sentiment about the company's earnings potential. With a PEG ratio of 1.91 and a price/book ratio of 2.99, the company shows a balance between its market value and growth expectations.
InvestingPro Tips suggest that CACI International is trading at a high P/E ratio relative to near-term earnings growth, which could be a point of consideration for investors evaluating the stock's current valuation. Additionally, the stock has been noted for its low price volatility, suggesting it may be a more stable investment in the often tumultuous tech sector. For those looking for more detailed analysis, there are 10 additional InvestingPro Tips available for CACI International at https://www.investing.com/pro/CACI.
Despite recent insider sales, the company's strong revenue growth is notable, with a 14.28% increase over the last twelve months as of Q4 2024. This robust performance is further highlighted by the company's gross profit margin of 32.8%. CACI International has also experienced a significant price uptick over the last six months, with a 28.83% total return, indicating a positive trend in investor confidence. With analysts predicting profitability for the year, current and potential investors may find these insights from InvestingPro to be valuable as they assess the company's future prospects.
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