Insider Selling at Madison Square Garden Entertainment Corp (MSGE)

Philip D’Ambrosio, Executive Vice President and Treasurer of Madison Square Garden Entertainment Corp (MSGE, Financial), sold 6,000 shares of the company’s stock on September 30, 2024. The transaction was recently disclosed in an SEC filing. Following this sale, the insider now owns 12,192 shares in the company.

Madison Square Garden Entertainment Corp (MSGE, Financial) is a leading provider of live entertainment. The Company presents or hosts a wide range of events at its diverse venues. These events include professional boxing, college basketball, family shows and more. MSGE also operates the famous Madison Square Garden Arena and other entertainment venues.

Last year, Philip D’Ambrosio sold a total of 6,000 shares and did not purchase any shares in the company. The insider transaction history for MSGE shows a trend with 1 insider purchase and 5 insider sells over the past year.

At the time of the insider’s most recent transaction, MSGE shares were trading at $42.43, giving the company a market capitalization of approximately $2.03 billion. MSGE’s price-to-earnings ratio is 13.80, which is below both the industry average of 19.28 and the company’s historical average.

Investors can find more detailed valuation metrics such as price-to-sales ratio, price-to-book value ratio and price-to-free cash flow in GF Value for a comprehensive analysis.

This insider sale could be of interest to investors by viewing insider behavior as an indicator of the company’s future performance and valuation adjustments.

This article, produced by GuruFocus, is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts and uses an unbiased methodology. It is not intended to serve as specific investment advice. It does not constitute a recommendation to buy or sell stocks and does not take individual investment objectives or financial circumstances into account. Our goal is to provide long-term, fundamental data-driven analytics. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative information. GuruFocus has no positions in any of the stocks mentioned here.