One Madison Square Garden Sports Corp.（纽约证券交易所代码：MSGS）内部人士在去年将其股份减少了35％

From what we can see, insiders were net sellers in Madison Square Garden Sports Corp.'s (NYSE:MSGS ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.

While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Madison Square Garden Sports

Madison Square Garden Sports Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the President, David Hopkinson, sold US$65k worth of shares at a price of US$189 per share. That means that an insider was selling shares at slightly below the current price (US$195). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. We note that the biggest single sale was only 35% of David Hopkinson's holding. The only individual insider seller over the last year was David Hopkinson.

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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Madison Square Garden Sports Insiders Are Selling The Stock

Over the last three months, we've seen significant insider selling at Madison Square Garden Sports. In total, President David Hopkinson sold US$65k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.

Does Madison Square Garden Sports 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. I reckon it's a good sign if insiders own a significant number of shares in the company. Madison Square Garden Sports insiders own about US$73m worth of shares. That equates to 1.6% of the company. 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 Sports Insiders?

An insider hasn't bought Madison Square Garden Sports stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. 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 Madison Square Garden Sports (including 1 which is significant).

But note: Madison Square Garden Sports may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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