Intercontinental Exchange Inc Chief Accounting Officer Sells Company Shares
Chief Accounting Officer James Namkung has sold 1,182 shares of Intercontinental Exchange Inc (NYSE:ICE) on February 8, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 3,431 shares of the company and has not made any purchases of the stock.
Intercontinental Exchange Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It provides data services for commodity and financial markets, as well as offers mortgage technology and services.
The insider transaction history at Intercontinental Exchange Inc indicates a trend of more insider selling than buying over the past year, with 28 insider sells and no insider buys recorded.
On the date of the insider's recent sale, shares of Intercontinental Exchange Inc were trading at $132.03, giving the company a market capitalization of $77.58 billion. The price-earnings ratio stood at 32.34, above both the industry median of 19.26 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio was 1.36, with a GF Value of $97.30, indicating that Intercontinental Exchange Inc was significantly overvalued according to GuruFocus's valuation model. The GF Value is determined by 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.
