Intercontinental Exchange Inc Insider Sells Shares
Christopher Edmonds, President, Fixed Income & Data at Intercontinental Exchange Inc (NYSE:ICE), executed a sale of 6,269 shares in the company on February 21, 2024, according to a recent SEC Filing.
Intercontinental Exchange Inc is a leading operator of global exchanges, clearing houses, data and listings services. The company provides financial markets with data services across various asset classes and operates exchanges, including the New York Stock Exchange, for the trading of a wide range of derivatives and securities.
Over the past year, the insider has sold a total of 16,259 shares and has not made any purchases. The recent transaction is part of a trend observed over the last year, where there have been no insider buys and 34 insider sells for Intercontinental Exchange Inc.
On the date of the insider's recent transaction, shares of Intercontinental Exchange Inc were trading at $136.26, resulting in a market capitalization of $79.238 billion.
The stock's price-earnings ratio stands at 33.03, surpassing both the industry median of 18.71 and the company's historical median price-earnings ratio. This indicates a higher valuation compared to its peers and its own historical standards.
With the current share price and a GuruFocus Value of $116.25, the price-to-GF-Value ratio is 1.17, suggesting that Intercontinental Exchange Inc is modestly overvalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by 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.
