We’d be surprised if World Wrestling Entertainment, Inc. (NYSE:WWE) shareholders haven’t noticed that the Director, Patricia Gottesman, recently sold US$300k worth of stock at US$72.92 per share. The eyebrow raising move amounted to a reduction of 16.6% in their holding.
The Last 12 Months Of Insider Transactions At World Wrestling Entertainment
The Co-President & Director, George Barrios, made the biggest insider sale in the last 12 months. That single transaction was for US$7.3m worth of shares at a price of US$81.47 each. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$66.11). So it may not shed much light on insider confidence at current levels.
In the last twelve months insiders netted US$25m for 294k shares sold. Insiders in World Wrestling Entertainment didn’t buy any shares in the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Does World Wrestling Entertainment Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. World Wrestling Entertainment insiders own about US$2.1b worth of shares (which is 41% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At World Wrestling Entertainment Tell Us?
Insiders sold World Wrestling Entertainment shares recently, but they didn’t buy any. Looking to the last twelve months, our data doesn’t show any insider buying. But since World Wrestling Entertainment is profitable and growing, we’re not too worried by this. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for World Wrestling Entertainment.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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, but not derivative transactions.
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If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.