Warren Gardiner, CFO of Intercontinental Exchange Inc (ICE, Financial), executed a sale of 2,176 shares in the company on February 12, 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 array of financial products.
Over the past year, the insider has sold a total of 3,676 shares and has not made any purchases of the company's stock. The recent transaction is part of a trend observed over the last year, where there have been no insider buys and 31 insider sells for Intercontinental Exchange Inc.
On the date of the insider's latest transaction, shares of Intercontinental Exchange Inc were trading at $136, resulting in a market capitalization of $78.25 billion. The company's price-earnings ratio stands at 32.62, which is above both the industry median of 19.06 and the historical median for the company.
The stock's price-to-GF-Value ratio is currently 1.17, with a GF Value of $116.56, indicating that Intercontinental Exchange Inc is considered Modestly 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 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.
