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Tuesday, May 30, 2023

Have insiders sold Madison Square Garden Entertainment Corp. (NYSE: MSGE ) stock lately?

we noticed a Madison Square Garden Entertainment (NYSE: MSGE) insider Isiah Thomas recently sold $54,000 worth of stock at $58.48 per share. While that’s not a lot of money, it’s 100% of their holdings, so it’s certainly not a good sign.

Check out our latest analysis for Madison Square Garden Entertainment

Insider Trading at Madison Square Garden Entertainment over the Past 12 Months

Notably, Isiah Thomas’ recent sale was the largest insider sale of Madison Square Garden entertainment stock we’ve seen in the last year. This means an insider is selling the stock at the current price of $53.90. While insider trading is bad for us, it is even more bad if the stock is sold at a lower price. We noticed that the sale was around current prices, so it’s not a major issue, although it’s not a good sign.

You can see last year’s insider transactions (by company and individual) in the table below. If you want to know exactly who sold, how much and when, just click the image below!

NYSE: MSGE Insider Volume March 18, 2023

If You Like Buying Stocks That Insiders Are Buying, Not Selling, Then You Might Like This free List of companies. (Hint: insiders have been buying them).

Insider Ownership of Madison Square Garden Entertainment

Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. Higher insider ownership generally causes company leadership to focus more on shareholder interests. Insiders own a 2.3 percent stake in Madison Square Garden Entertainment, worth about $42 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these are enough to indicate alignment between insiders and other shareholders.

So what do these numbers tell Madison Square Garden entertainment insiders?

An insider recently sold shares, but they haven’t been buying. Our long-term analysis of insider trading also does not inspire confidence. Insider ownership is not particularly high, so this analysis makes us cautious about the company. So we only buy after careful consideration. So while it’s helpful to know what insiders are doing when it comes to buying and selling, it’s also helpful to know what risks a particular company faces.Our analysis shows 2 Warning Signs for Madison Square Garden Entertainment (1 made us a little uncomfortable!) We highly recommend checking them out before investing.

certainly Madison Square Garden Entertainment Might Not Be the Best Stock. so you might want to see this free A collection of premium businesses.

For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.

Valuation is complicated, but we’re helping make it simple.

Find out if Madison Square Garden Entertainment Inc. may be overvalued or undervalued by reviewing our comprehensive analysis, which includes Fair value estimates, risks and caveats, dividends, insider trading and financial health.

View free analysis

This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.

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