Philip D'Ambrosio, the Executive Vice President and Treasurer of Madison Square Garden Entertainment Corp (MSGE, Financial), sold 6,000 shares of the company on September 30, 2024. The transaction was disclosed in a recent SEC Filing. Following this sale, the insider now owns 12,192 shares of the company.
Madison Square Garden Entertainment Corp (MSGE, Financial) is a leader in live entertainment. The company presents or hosts a broad array of events in its diverse collection of venues. These events include professional boxing, college basketball, family shows, and more. MSGE also operates the famed Madison Square Garden Arena and other entertainment facilities.
Over the past year, Philip D'Ambrosio has sold a total of 6,000 shares and has not made any purchases of the company's stock. The insider transaction history for MSGE shows a trend with 1 insider buy and 5 insider sells over the past year.
On the date of the insider's recent transaction, shares of MSGE were trading at $42.43, giving the company a market cap of approximately $2.03 billion. The price-earnings ratio of MSGE stands at 13.80, which is below both the industry median of 19.28 and the company's historical median.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors may refer to the GF Value for a comprehensive analysis.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
