Insider Sell: COO Stuart Williams Sells 2,927 Shares of Intercontinental Exchange Inc (ICE)
Stuart Williams, the Chief Operating Officer of Intercontinental Exchange Inc (NYSE:ICE), has sold 2,927 shares of the company on February 20, 2024, according to a recent SEC filing. The transaction was executed at an average price of $136.57 per share, resulting in a total value of $399,930.39.
Intercontinental Exchange Inc is a leading operator of global exchanges, clearing houses, data and listings services. The company provides comprehensive market infrastructure and data services to a variety of financial institutions, including brokers, investment firms, and banks. Its platforms facilitate the trading and clearing of a broad range of asset classes, including securities, derivatives, and commodities.
Over the past year, the insider has sold a total of 2,927 shares of Intercontinental Exchange Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 33 insider sells and no insider buys over the same timeframe.
On the date of the insider's recent sell, shares of Intercontinental Exchange Inc were trading at $136.57, giving the company a market capitalization of $79.76 billion. The price-earnings ratio of the stock stands at 33.24, which is above both the industry median of 18.48 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.17, indicating that Intercontinental Exchange Inc is considered modestly overvalued based on its GF Value of $116.28. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on 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.
This article first appeared on GuruFocus.
