Insider Selling: Miami International (NYSE:MIAX) CEO Sells 174,125 Shares of Stock

Key Points

• Miami International CEO Thomas Gallagher sold 174,125 shares on April 15 at an average price of $43.36 for roughly $7.55 million, cutting his stake by 9.18% to 1,723,275 shares; the transaction was made under a pre-arranged Rule 10b5-1 trading plan.
• MIAX shares recently traded up 0.8% to $45.21; the company has a market cap of $4.14 billion and a PE of 83.71, and it reported quarterly EPS of $0.52 (beating estimates by $0.11) with revenue of $369.43 million, up 14% year‑over‑year.
• Analyst sentiment is mixed but tilted positive — MarketBeat shows an average rating of Moderate Buy and an average price target of $47.60, with individual ratings ranging from Sell to Strong Buy.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) CEO Thomas Gallagher sold 174,125 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $43.36, for a total transaction of $7,550,060.00. Following the completion of the transaction, the chief executive officer owned 1,723,275 shares of the company's stock, valued at $74,721,204. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Trading Up 0.8%

Shares of MIAX stock traded up $0.36 during trading hours on Friday, reaching $45.21. The stock had a trading volume of 820,680 shares, compared to its average volume of 1,330,913. The stock's fifty day simple moving average is $40.69 and its 200 day simple moving average is $42.87. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38. The firm has a market capitalization of $4.14 billion and a PE ratio of 83.71.

Miami International (NYSE:MIAX - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The business's quarterly revenue was up 14.0% compared to the same quarter last year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MIAX shares. Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a research report on Friday, March 27th. Rosenblatt Securities reiterated a "buy" rating and set a $59.00 target price on shares of Miami International in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods initiated coverage on shares of Miami International in a research report on Wednesday, April 8th. They set a "market perform" rating and a $40.00 target price for the company. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Finally, Zacks Research upgraded shares of Miami International from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Miami International presently has an average rating of "Moderate Buy" and an average price target of $47.60.

Institutional Investors Weigh In On Miami International

Hedge funds have recently bought and sold shares of the stock. State of Wyoming bought a new stake in Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI bought a new stake in shares of Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank lifted its holdings in shares of Miami International by 295.6% in the 4th quarter. Comerica Bank now owns 1,254 shares of the company's stock worth $56,000 after acquiring an additional 937 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Miami International in the 4th quarter worth approximately $66,000. Finally, SG Americas Securities LLC bought a new stake in shares of Miami International in the 4th quarter worth approximately $105,000.

Miami International Company Profile

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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