On June 10, 2024, Warren Gardiner, the Chief Financial Officer of Intercontinental Exchange Inc (NYSE: ICE), sold 750 shares of the company at a price of $133.5 per share, according to a recent SEC filing. After this transaction, Gardiner now holds 17,326 shares of the company.
Intercontinental Exchange Inc (NYSE: ICE) operates global exchanges, clearing houses, and provides various services related to mortgage technology, data, and listings. The company’s platforms are aimed at managing risk and facilitating the trading and clearing of financial and commodity contracts.
In the past year, Gardiner has sold a total of 4,676 shares of Intercontinental Exchange Inc without making any purchases. This selling trend is also reflected in the broader company, with 41 insider sales and no insider buys during the same period.
As of the latest transaction, the shares of Intercontinental Exchange Inc were trading at $133.5, giving the company a market capitalization of $78.04 billion. The price-earnings ratio is 31.28, higher than both the industry median of 17.87 and the company’s historical median.
Based on the GF Value of $117.64, the current stock price indicates that Intercontinental Exchange Inc is slightly overvalued, with a price-to-GF-Value ratio of 1.13. The GF Value considers various historical trading multiples and future business performance estimates from Morningstar analysts.
Investors interested in insider behaviors as potential indicators of stock performance may find this insider sale noteworthy, especially in light of the company’s valuation and market trends.
It is important to note that the information provided in this article, originally published on Gurufocus, is meant to offer general insights and not personalized financial advice. The analysis is based on historical data and analyst projections, using an unbiased methodology. It does not offer specific investment recommendations and does not take into account individual financial circumstances or objectives. The goal is to provide long-term, data-driven analysis. However, it may not include the most recent company announcements or qualitative information. Gurufocus does not have a position in the mentioned stocks.
