Matthew Albence, GEO Group Inc.’s senior vice president of client relations, sold 10,000 common shares on August 20, 2026, for a total of $316,860 at a weighted average price of $31.686 per share. Individual transactions ranged from $31.660 to $31.740. The disposal occurred as GEO traded at $32.18, near its 52-week high of $33.15.
The transaction follows GEO Group’s second-quarter 2026 results, which exceeded Wall Street expectations. Revenue rose 15% year-over-year to $732.1 million, surpassing the estimated $721.4 million, while adjusted EBITDA increased 20% to $142 million against a forecast of $129.3 million. Earnings per share came in at $0.37, beating the projected $0.29.
Noble Capital upgraded GEO Group’s price target from $35 to $40 while maintaining an Outperform rating. The firm cited stronger demand for detention services, new federal contracts, and growth in U.S. Immigration and Customs Enforcement custody populations as key drivers. InvestingPro data showed a Piotroski Score of 9, indicating strong financial health, though the stock was flagged as overvalued in Fair Value analysis.
Following the sale, Albence retains 99,398.549 direct common shares and 79,573 restricted shares.
