This Insider Has Just Sold Shares In Madison Square Garden Sports

We wouldn't blame Madison Square Garden Sports Corp. (NYSE:MSGS) shareholders if they were a little worried about the fact that James Dolan, the Executive Chairman & CEO recently netted about US$2.0m selling shares at an average price of US$199. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 5.5%.

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Madison Square Garden Sports Insider Transactions Over The Last Year

Notably, that recent sale by James Dolan is the biggest insider sale of Madison Square Garden Sports shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$198. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Insiders in Madison Square Garden Sports didn't buy any shares in the last year. 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!

See our latest analysis for Madison Square Garden Sports

I will like Madison Square Garden Sports better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

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. We usually like to see fairly high levels of insider ownership. Madison Square Garden Sports insiders own 2.7% of the company, currently worth about US$129m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Madison Square Garden Sports Tell Us?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. On the plus side, Madison Square Garden Sports makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Madison Square Garden Sports. Be aware that Madison Square Garden Sports is showing 4 warning signs in our investment analysis, and 2 of those are a bit unpleasant...

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 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.