Independent Director of Caesars Entertainment Michael Pegram Buys 24% More Shares \

Caesars Entertainment, Inc. (NASDAQ:CZR) shareholders (or potential shareholders) will be happy to see that the Independent Director, Michael Pegram, recently bought a whopping US$1.1m worth of stock, at a price of US$45.02. Not only is that a big swing, but it increased their holding size by 24%, which is definitely great to see.

View our latest analysis for Caesars Entertainment

Caesars Entertainment Insider Transactions Over The Last Year

In fact, the recent purchase by Michael Pegram was the biggest purchase of Caesars Entertainment shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$45.42. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Caesars Entertainment share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 58.60k shares for US$2.6m. But they sold 2.70k shares for US$140k. In total, Caesars Entertainment insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Caesars Entertainment

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.6% of Caesars Entertainment shares, worth about US$54m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Caesars Entertainment Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Caesars Entertainment insiders are well aligned, and that they may think the share price is too low. Of course, the future is what matters most. So if you are interested in Caesars Entertainment, you should check out this free report on analyst forecasts for the company.

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology 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 account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.