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Potential Cannae Holdings, Inc. (NYSE:CNNE) shareholders may wish to note that the CEO & Director, Richard Massey, recently bought US$185k worth of stock, paying US$36.95 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 1.9%.
Check out 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 implies that an insider found the current price of US$37.73 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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. Happily, the Cannae Holdings insiders decided to buy shares at close to current prices.
Cannae Holdings insiders may have bought shares in the last year, but they didn't sell any. 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!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
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. Cannae Holdings insiders own 5.9% of the company, currently worth about US$203m 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.
So What Does This Data Suggest About Cannae Holdings Insiders?
It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Cannae Holdings. Nice! 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. Every company has risks, and we've spotted 3 warning signs for Cannae Holdings (of which 2 are a bit concerning!) you should know about.