Insiders were net sellers of Cannae Holdings, Inc.'s (NYSE:CNNE ) stock during the past year. That is, insiders sold more stock than they bought.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
See our latest analysis for Cannae Holdings
In the last twelve months, the biggest single sale by an insider was when the insider, Richard Massey, sold US$2.1m worth of shares at a price of US$20.82 per share. So we know that an insider sold shares at around the present share price of US$19.69. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). The only individual insider seller over the last year was Richard Massey.
Richard Massey divested 178.80k shares over the last 12 months at an average price of US$20.32. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Cannae Holdings insiders own 9.4% of the company, worth about US$116m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
There haven't been any insider transactions in the last three months -- that doesn't mean much. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Cannae Holdings insiders selling. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cannae Holdings. You'd be interested to know, that we found 1 warning sign for Cannae Holdings and we suggest you have a look.
Of course Cannae Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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