Insider Selling: Miami International (NYSE:MIAX) EVP Sells $842,400.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Harish Jayabalan sold 20,000 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $42.12, for a total value of $842,400.00. Following the completion of the transaction, the executive vice president directly owned 78,065 shares in the company, valued at approximately $3,288,097.80. This represents a 20.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Harish Jayabalan also recently made the following trade(s):

  • On Monday, June 8th, Harish Jayabalan sold 10,217 shares of Miami International stock. The shares were sold at an average price of $40.12, for a total value of $409,906.04.
  • On Tuesday, June 9th, Harish Jayabalan sold 9,783 shares of Miami International stock. The shares were sold at an average price of $40.04, for a total value of $391,711.32.

Miami International Stock Up 2.6%

Shares of NYSE MIAX opened at $42.94 on Friday. The firm’s 50-day simple moving average is $44.59 and its 200 day simple moving average is $43.03. The company has a market cap of $4.08 billion and a price-to-earnings ratio of 44.73. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $57.14.

Miami International (NYSE:MIAXGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue was up 40.0% compared to the same quarter last year. On average, equities analysts expect that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

MIAX has been the subject of a number of research reports. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods upped their price objective on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Rosenblatt Securities lifted their target price on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.20.

Read Our Latest Stock Report on Miami International

Miami International News Summary

Here are the key news stories impacting Miami International this week:

Institutional Trading of Miami International

Institutional investors have recently bought and sold shares of the business. Mad River Investors raised its position in shares of Miami International by 0.6% during the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming bought a new position in shares of Miami International in the 4th quarter worth $26,000. National Bank of Canada FI acquired a new stake in shares of Miami International during the third quarter worth $29,000. First Trust Advisors LP grew its stake in shares of Miami International by 3.5% during the fourth quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after purchasing an additional 733 shares during the period. Finally, Coastal Bridge Advisors LLC increased its holdings in Miami International by 1.1% in the fourth quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after purchasing an additional 850 shares during the last quarter.

Miami International Company Profile

(Get Free Report)

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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