Cannae Holdings Inc (CNNE, Financial) CEO Richard Massey has sold 30,000 shares of the company on April 17, 2024, according to a recent SEC Filing. The transaction was executed at an average price of $19.63 per share, resulting in a total value of $588,900.
Cannae Holdings Inc is a diversified holding company with investments in various sectors including technology-enabled healthcare services, financial services, and more. The company aims to acquire and manage businesses that can generate long-term value for its shareholders.
Over the past year, the insider, Richard Massey, has sold a total of 153,050 shares and purchased 100,000 shares of Cannae Holdings Inc. The insider transaction history for the company shows a pattern of 2 insider buys and 3 insider sells over the past year.
On the valuation front, Cannae Holdings Inc shares were trading at $19.63 on the day of the insider's recent transaction. The company has a market cap of $1.408 billion. With a price of $19.63 and a GuruFocus Value of $20.71, Cannae Holdings Inc has a price-to-GF-Value ratio of 0.95, indicating that the stock is Fairly Valued based on its GF Value.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
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.
