Stock Analysis

Have Insiders Sold Madison Square Garden Entertainment Corp. (NYSE:MSGE) Shares Recently?

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We note that a Madison Square Garden Entertainment Corp. (NYSE:MSGE) insider, Isiah Thomas, recently sold US$54k worth of stock for US$58.48 per share. While that isn't a lot of money, it was a substantial 100% of their holding, so certainly isn't a good sign.

Check out our latest analysis for Madison Square Garden Entertainment

The Last 12 Months Of Insider Transactions At Madison Square Garden Entertainment

Notably, that recent sale by Isiah Thomas is the biggest insider sale of Madison Square Garden Entertainment shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$53.90. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NYSE:MSGE Insider Trading Volume March 18th 2023

If you like to buy stocks that insiders are buying, rather than selling, then you might just love 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 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 2.3% of Madison Square Garden Entertainment shares, worth about US$42m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Madison Square Garden Entertainment Insiders?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Our analysis shows 2 warning signs for Madison Square Garden Entertainment (1 makes us a bit uncomfortable!) and we strongly recommend you look at them before investing.

Of course Madison Square Garden Entertainment 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.

What are the risks and opportunities for Madison Square Garden Entertainment?

Madison Square Garden Entertainment Corp.

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  • Earnings are forecast to grow 52.01% per year


  • Has less than 1 year of cash runway

  • Significant insider selling over the past 3 months

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