Stock Analysis

Lawrence Burian Is The Executive VP of Corporate Development & General Counsel of Madison Square Garden Sports Corp. (NYSE:MSGS) And They Just Sold 35% Of Their Shares

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NYSE:MSGS
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We wouldn't blame Madison Square Garden Sports Corp. (NYSE:MSGS) shareholders if they were a little worried about the fact that Lawrence Burian, the Executive VP of Corporate Development & General Counsel recently netted about US$905k selling shares at an average price of US$201. That sale reduced their total holding by 35% which is hardly insignificant, but far from the worst we've seen.

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Madison Square Garden Sports Insider Transactions Over The Last Year

In fact, the recent sale by Lawrence Burian was the biggest sale of Madison Square Garden Sports shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$200. 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 a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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NYSE:MSGS Insider Trading Volume March 6th 2021

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Insider Ownership of Madison Square Garden Sports

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. It's great to see that Madison Square Garden Sports insiders own 19% of the company, worth about US$923m. 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 Does This Data Suggest About Madison Square Garden Sports Insiders?

An insider sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we've found that Madison Square Garden Sports has 3 warning signs (1 can't be ignored!) that deserve your attention before going any further with your analysis.

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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