Madison Square Garden Entertainment Insider Ups Holding By 684% During Year

Looking at Madison Square Garden Entertainment Corp.'s (NYSE:MSGE ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold.

Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for Madison Square Garden Entertainment

Madison Square Garden Entertainment Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider purchase was by Director Thomas Dolan for US$10.0m worth of shares, at about US$31.00 per share. So it's clear an insider wanted to buy, at around the current price, which is US$34.23. 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. In this case we're pleased to report that the insider bought shares at close to current prices. Thomas Dolan was the only individual insider to buy shares in the last twelve months.

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

Madison Square Garden Entertainment is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Madison Square Garden 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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Madison Square Garden Entertainment insiders own 2.2% of the company, worth about US$36m. 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?

The fact that there have been no Madison Square Garden Entertainment insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. Insiders do have a stake in Madison Square Garden Entertainment and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Madison Square Garden Entertainment. Every company has risks, and we've spotted 1 warning sign for Madison Square Garden Entertainment you should know about.

But note: Madison Square Garden Entertainment may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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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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.