Yahoo Finance Richard Massey Is The CEO & Director of Cannae Holdings, Inc. (NYSE:CNNE) And They Just Picked Up 5.7% More Shares
Those following along with Cannae Holdings, Inc. (NYSE:CNNE) will no doubt be intrigued by the recent purchase of shares by Richard Massey, CEO & Director of the company, who spent a stonking US$635k on stock at an average price of US$42.33. While that only increased their holding size by 5.7%, it is still a big swing by our standards.
View our latest analysis for Cannae Holdings
Cannae Holdings Insider Transactions Over The Last Year
The Lead Independent Director Frank Martire made the biggest insider purchase in the last 12 months. That single transaction was for US$5.0m worth of shares at a price of US$37.50 each. So it's clear an insider wanted to buy, at around the current price, which is US$41.50. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for Cannae Holdings share holders is that insiders were buying at near the current price.
While Cannae Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Cannae Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Cannae Holdings Boast High 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Cannae Holdings insiders own about US$223m worth of shares (which is 5.9% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About Cannae Holdings Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Cannae Holdings. One for the watchlist, at least! 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. To that end, you should learn about the 3 warning signs we've spotted with Cannae Holdings (including 2 which make us uncomfortable).
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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, but not derivative transactions.
This article by Simply Wall St is general in nature. 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.
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