Stock Analysis

President David Hopkinson Just Sold A Bunch Of Shares In Madison Square Garden Sports Corp. (NYSE:MSGS)

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Investors may wish to note that the President of Madison Square Garden Sports Corp., David Hopkinson, recently netted US$65k from selling stock, receiving an average price of US$189. It wasn't a huge sale, but it did reduce their holding by 35%. This does not instill confidence.

Check out our latest analysis for Madison Square Garden Sports

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

In fact, the recent sale by David Hopkinson 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$182. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

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!

NYSE:MSGS Insider Trading Volume March 16th 2023

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Madison Square Garden Sports

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Madison Square Garden Sports insiders own 1.6% of the company, worth about US$69m. 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 Madison Square Garden Sports Tell Us?

An insider hasn't bought Madison Square Garden Sports stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with Madison Square Garden Sports (including 1 which can't be ignored).

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.

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

Madison Square Garden Sports Corp. operates as a professional sports company.

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  • Earnings are forecast to grow 9.64% per year


  • Negative shareholders equity

  • Significant insider selling over the past 3 months

  • Has a high level of debt

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