Richard Massey Is The CEO & Director of Cannae Holdings, Inc. (NYSE:CNNE) And They Just Picked Up 3.6% More Shares

Investors who take an interest in Cannae Holdings, Inc. (NYSE:CNNE) should definitely note that the CEO & Director, Richard Massey, recently paid US$39.78 per share to buy US$398k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.6%.

View our latest analysis for Cannae Holdings

The Last 12 Months Of Insider Transactions At Cannae Holdings

The Lead Independent Director Frank Martire made the biggest insider purchase in the last 12 months. That single transaction was for US$5.0m worth of shares at a price of US$37.50 each. That means that even when the share price was higher than US$37.35 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Cannae Holdings insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Cannae Holdings insiders own about US$202m worth of shares (which is 5.9% 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.

So What Do The Cannae Holdings Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Cannae Holdings. Nice! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Cannae Holdings. Be aware that Cannae Holdings is showing 3 warning signs in our investment analysis, and 2 of those don't sit too well with us...

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, but not derivative transactions.

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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. 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.
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