Some Madison Square Garden Entertainment Corp. (NYSE:MSGE) shareholders may be a little concerned to see that the Executive VP & Treasurer, Philip D’Ambrosio, recently sold a substantial US$738k worth of stock at a price of US$74.48 per share. That sale reduced their total holding by 39% which is hardly insignificant, but far from the worst we've seen.

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

The Director, Charles Dolan, made the biggest insider sale in the last 12 months. That single transaction was for US$1.2m worth of shares at a price of US$63.76 each. That means that even when the share price was below the current price of US$75.32, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was 97% of Charles Dolan's holding.

Madison Square Garden Entertainment insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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Insider Ownership Of Madison Square Garden Entertainment

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Madison Square Garden Entertainment insiders own 2.7% of the company, worth about US$96m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Madison Square Garden Entertainment Insiders?

An insider sold Madison Square Garden Entertainment shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Madison Square Garden Entertainment. For example - Madison Square Garden Entertainment has 4 warning signs we think you should be aware of.

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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.

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.