Matthew Albence, Senior Vice President of Client Relations at GEO Group Inc., sold 10,000 shares of common stock on August 20, 2026, for a total value of $316,860. The transaction occurred at a weighted average price of $31.686 per share, within a range of $31.660 to $31.740.
Following the sale, Albence retains direct ownership of 99,398.549 shares and holds 79,573 shares of restricted stock. GEO Group's shares were trading at $32.18 on the day of the transaction, near a 52-week high of $33.15. The stock has surged 119% over the past six months, according to InvestingPro data.
The insider sale follows GEO Group's Q2 2026 financial results, which exceeded Wall Street expectations. The company reported earnings per share of $0.37, surpassing the projected $0.29, and revenue of $732.1 million, outpacing the estimated $721.4 million. Adjusted EBITDA reached $142 million, up 20% year-over-year and exceeding the $129.3 million estimate.
GEO Group cited heightened detention demand, new federal contracts, and a significant rise in ICE populations as factors behind its raised full-year outlook. Noble Capital responded by increasing its price target for the company to $40 from $35 while maintaining an "Outperform" rating.
