Anyone interested in Cannae Holdings, Inc. (NYSE:CNNE) should probably be aware that the Vice Chairman of the Board, Richard Massey, recently divested US$474k worth of shares in the company, at an average price of US$20.57 each.    On the bright side, that sale was only 5.4% of their holding, so we doubt it's very meaningful, on its own.    

The Last 12 Months Of Insider Transactions At Cannae Holdings

In fact, the recent sale by Vice Chairman of the Board Richard Massey was not their only trade of Cannae Holdings shares this year.  Earlier in the year, they spent US$933k to buy shares at US$18.66 per share.    We do like to see buying, but this purchase was made at well below the current price of US$20.86.  Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.  

Richard Massey purchased 100.00k shares over the year. The average price per share was US$18.34.   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!

NYSE:CNNE Insider Trading Volume April 11th 2024

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Cannae Holdings Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.  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 9.4% of the company, worth about US$144m.  Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.  

What Might The Insider Transactions At Cannae Holdings Tell Us?

An insider hasn't  bought Cannae Holdings stock in the last three months, but there was some selling.    But we take heart from prior transactions.   We are also comforted by the high levels of insider ownership.  So we're not too bothered by recent selling.      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.     To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Cannae Holdings.  

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.