Cannae Holdings, Inc. (CNNE) Stock Price & Analysis
Cannae Holdings, Inc. (CNNE) is trading at USD 16.36, down 0.60% today, as of October 23, 2026 at 13:32 UTC (US market open; quotes may be delayed), according to Nexqual market data.
CNNE last closed at USD 16.46; today's session has ranged USD 16.36–16.39 on volume of 3,153 shares. Market capitalization is $709.65M, with a 52-week range of USD 10.46–18.85 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 13:33 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CNNE.md
Key facts (CNNE)
- Last four reported quarters (through Jun 30, 2026): revenue $409M, net income -$156M (-38.2% margin), free cash flow -$43.4M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $2K; 1 not under a Rule 10b5-1 plan ($2K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 17.25 (range 17–17.5).
- Total return with dividends: 1Y -7.7% vs S&P 500 +14.9%; 5Y -47.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD -0.19, revenue estimate $92.3M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CNNE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $742M | $662M | $570M | $453M | $424M | $409M |
| Gross profit | — | $90.7M | $95.1M | $81.3M | $65.6M | — |
| Operating income | -$134M | -$145M | -$119M | -$104M | -$120M | -$116M |
| Net income | -$287M | -$428M | -$313M | -$305M | -$513M | -$156M |
| EPS (diluted) | -$3.19 | -$5.25 | -$4.27 | -$4.73 | -$9.08 | — |
| Free cash flow | -$190M | -$219M | -$97.8M | -$97.1M | -$28.5M | -$43.4M |
| Gross margin | — | 13.7% | 16.7% | 18.0% | 15.5% | — |
| Operating margin | -18.0% | -21.8% | -20.9% | -22.9% | -28.2% | -28.4% |
| Net margin | -38.7% | -64.7% | -55.0% | -67.3% | -121.2% | -38.2% |
| Revenue growth | -75.0% | -10.8% | -13.9% | -20.6% | -6.4% | — |
| Cash + short-term investments | $85.8M | — | — | $132M | $182M | — |
| Total debt | $16.4M | $97.4M | $105M | $181M | $70.8M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CNNE)
P/S 1.7x · EV/Sales 1.7x · P/B 0.7x · FCF yield -6.12% · Earnings yield -21.98% · Dividend yield (paid, TTM) 4.03% · Buyback yield (TTM) 35.75% · Net cash $500K · EV $709M
Insider sales (SEC Form 4, open-market, last ~7 months) (CNNE)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-04-08 | Sadowski Peter T | EVP, Chief Legal Officer | 157 | $2K | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CNNE)
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 17.25 (low 17, high 17.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | RBC Capital | Target raised | Outperform | $16 → $17 |
| 2026-08-11 | RBC Capital | Reiterated | Outperform | $16 |
Total return (dividends reinvested) (CNNE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -7.7% | -47.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.7% | -12.2% |
| Volatility (annualized) | 33.1% | 33.7% |
| Max drawdown | -41.9% (Oct 2025→Mar 2026) | -68.4% (Dec 2021→Mar 2026) |
CNNE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Restaurant Group | $92.0M | 90.0% | -9.7% |
| Total Reportable Segments | $92.0M | 90.0% | -9.7% |
| Corporate and Other | $10.2M | 10.0% | +22.9% |
| Other operating revenue | $10.2M | 10.0% | +22.9% |
| Total revenue | $102.2M | 100% | — |
CNNE revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Restaurant revenue | $92.0M | 90.0% | -9.7% |
| Other operating revenue | $10.2M | 10.0% | +22.9% |
| Real Estate & Resort | $10.2M | 10.0% | +22.9% |
| Total revenue | $102.2M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CNNE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.19 | $-0.46 | -59.0% | $92.3M | 2 |
| Next quarter (ends Dec 2026) | $-0.41 | $-0.50 | -18.5% | $98.4M | 2 |
| Current fiscal year (ends Dec 2026) | $-0.45 | $-2.11 | -78.7% | $389.0M | 2 |
| Next fiscal year (ends Dec 2027) | $-1.49 | $-1.67 | -10.9% | $392.4M | 2 |
CNNE options: expected move
Options price a move of about ±16.9% (±$2.78) by Nov 20, 2026, which includes earnings on Nov 9, 2026. Over the last 8 reports the stock moved ±5.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 69.0% | ±16.9% |
| Feb 19, 2027 | 119 | 37.7% | ±18.4% |
| May 21, 2027 | 210 | 48.0% | ±29.8% |
30-day implied volatility 38.9% vs 23.2% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 13:33 UTC)
| Price | USD 16.36 |
|---|---|
| Change | ▼ 0.60% (down) |
| Previous Close | USD 16.46 |
| Open | USD 16.1 |
| Day Range | USD 16.36 – 16.39 |
| 52-Week Range | USD 10.46 – 18.85 |
| Volume | 3,153 shares |
| Market Cap | $709.65M |
| Exchange | NYQ |
Technical Analysis (CNNE)
Nexqual's technical model rates CNNE "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 13:33 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 60.69 (neutral) |
| vs SMA50 | Above (USD 15.57) |
| MACD | 0.22 (positive) |
Analyst Ratings (CNNE)
Wall Street analysts rate CNNE "Buy" based on 2 analysts, with a mean price target of USD 17.25 (range USD 17–17.5), per Nexqual as of October 23, 2026 at 13:33 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 17.25 |
| High Target | USD 17.5 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (CNNE)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.19 |
| Revenue Estimate | $92.25M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.86 vs est -0.42 ▲ beat |
| 2026-03-31 | USD -0.7 vs est -0.44 ▼ miss |
| 2025-12-31 | USD -1.93 vs est -0.38 ▼ miss |
| 2025-09-30 | USD -1.06 vs est -0.3 ▼ miss |
Source: Nexqual, October 23, 2026 at 13:33 UTC.
Financials & Fundamentals (CNNE)
| Total Revenue | $408.60M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -7.30% |
| Gross Margin | +3.84% |
| Operating Margin | -24.17% |
| Profit Margin | -38.18% |
| ROE | -14.65% |
| Debt / Equity | 0.22 |
| Current Ratio | 1.24 |
| Total Cash | $70.40M |
| Total Debt | $199.70M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$43.40M (-10.6% of revenue) |
Source: Nexqual, October 23, 2026 at 13:33 UTC.
Financial Health Score (CNNE)
Nexqual rates Cannae Holdings, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 13:33 UTC.
| Growth | Weak — Revenue -6% YoY (annual), declining |
|---|---|
| Profitability | Critical — Gross margin 4%, operating -24% (last 12 months) |
| Balance Sheet | Strong — $70M cash and investments vs $70M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — FCF negative: -$43M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -15%, ROA -2.5% |
Ownership (CNNE)
| Insider Ownership | +15.94% |
|---|---|
| Institutional Ownership | +90.00% |
| Shares Outstanding | 43.37M |
| Float | 30.73M |
| Short % of Float | +10.31% |
Source: Nexqual, October 23, 2026 at 13:33 UTC.
Leadership (CNNE)
Cannae Holdings, Inc. is led by Ryan Richard Caswell, Chief Executive Officer, per Nexqual as of October 23, 2026 at 13:33 UTC.
| Chief Executive Officer | Ryan Richard Caswell |
|---|---|
| Interim CFO | Brett A. Correia |
Major Backers & Investors (CNNE)
Notable institutional backers of Cannae Holdings, Inc. include Carronade Capital Management, Lp, Newtyn Management, Llc, Private Management Group, Inc., according to Nexqual as of October 23, 2026 at 13:33 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Carronade Capital Management, Lp | 7.45% |
| Newtyn Management, Llc | 7.31% |
| Private Management Group, Inc. | 5.54% |
| River Road Asset Management, LLC | 4.42% |
| Saba Capital Management, L.P. | 3.65% |
| State Of Wisconsin Investment Board | 3.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.53% |
| Vanguard Group | 3.84% |
| State Street | 3.27% |
| Geode Capital | 2.47% |
Source: Nexqual, October 23, 2026 at 13:33 UTC.
From Cannae Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- Our management team has a proven track record of growing industry-leading companies, including the Company's subsidiaries, and we actively and continuously work with and support management teams of the companies we own in managing, operating, and growing their businesses in order to provide value for our shareholders.
- Our Board and executive management's breadth of knowledge of operational matters and capital markets allows us to identify companies and strategic assets with attractive value propositions, to structure acquisitions to maximize the value acquired businesses, and to return the value created to our shareholders through long-term profitable operation of those businesses and, when appropriate, dispositions.
Partnerships
- We may dispose of assets when we identify opportunities to re-allocate our capital to owning, managing, and operating new companies that provide our shareholders with prudent risk-based returns on their own investment in Cannae on a long-term basis.
- JANA competes for investment capital primarily with other alternative investment fund providers, private equity firms, and similar investment managers.
Legal & Regulatory Risks (Item 1A, quoted)
- Our restaurant businesses could suffer due to reduced demand for our restaurant businesses' brands or specific menu offerings if our restaurant businesses are the subject of negative publicity or litigation regarding allegations of food-related contaminations or illnesses, which could have a material adverse effect on our business, financial condition and results of operations.
- Compliance with applicable laws and regulations including changes in such laws and regulations, their application and their interpretation, could have an adverse effect on Alight's business.
- Regulatory reforms in the US could expose JANA to increasing regulatory scrutiny, as well as regulatory uncertainty.
- We currently have, and may continue to pursue, investments in businesses that involve or may involve business, regulatory, structural, legal, or other complexities, which could have a material adverse effect on our business, financial condition, and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FWRG | First Watch Restaurant Group, I | USD 11.4 | ▼ 1.35% |
| BLMN | Bloomin' Brands, Inc. | USD 10.11 | ▼ 1.56% |
| SG | Sweetgreen, Inc. | USD 10.26 | ▲ 0.39% |
| WEN | Wendy's Company (The) | USD 6.43 | ▼ 2.21% |
| BJRI | BJ's Restaurants, Inc. | USD 58.16 | ▼ 1.07% |
| BH | Biglari Holdings Inc. | USD 395.33 | ▼ 4.58% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 13:33 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt