Churchill Downs Incorporated (NASDAQ:CHDN) shareholders (or potential shareholders) will be happy to see that the Independent Director, Douglas Grissom, recently bought a whopping US$928k worth of stock, at a price of US$92.77. Not only is that a big swing, but it increased their holding size by 35%, which is definitely great to see.

We've discovered 1 warning sign about Churchill Downs. View them for free.

Churchill Downs Insider Transactions Over The Last Year

Notably, that recent purchase by Douglas Grissom is the biggest insider purchase of Churchill Downs shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is US$95.04. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.

Churchill Downs insiders may have bought shares in the last year, but they didn't sell any. 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!

Check out our latest analysis for Churchill Downs NasdaqGS:CHDN Insider Trading Volume May 10th 2025

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this freelist of companies. (Hint: insiders have been buying them).

Insider Ownership Of Churchill Downs

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Churchill Downs insiders own 3.9% of the company, currently worth about US$262m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Churchill Downs Insider Transactions Indicate?

The recent insider purchases are heartening. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Churchill Downs. That's what I like to see! 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. Every company has risks, and we've spotted 1 warning sign for Churchill Downs you should know about.

Story Continues

But note: Churchill Downs may not be the best stock to buy. So take a peek at this freelist 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 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.

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