Insider Buying: The Cannae Holdings, Inc. (NYSE:CNNE) CEO & Director Just Bought 3.5% More Shares
Potential Cannae Holdings, Inc. (NYSE:CNNE) shareholders may wish to note that the CEO & Director, Richard Massey, recently bought US$360k worth of stock, paying US$35.96 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.5%.
See 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. That means that an insider was happy to buy shares at above the current price of US$36.27. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Cannae Holdings insiders were buying shares, but not selling. 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!
Cannae Holdings is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership of Cannae Holdings
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. 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's great to see that Cannae Holdings insiders own 5.9% of the company, worth about US$196m. 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 Cannae Holdings Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Cannae Holdings. Looks promising! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we've found that Cannae Holdings has 3 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.
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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