Miami International (NYSE:MIAX) EVP Harish Jayabalan Sells 9,783 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Harish Jayabalan sold 9,783 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $40.04, for a total transaction of $391,711.32. Following the completion of the sale, the executive vice president owned 73,405 shares of the company’s stock, valued at $2,939,136.20. This trade represents a 11.76% decrease in their position. The transaction was disclosed in a legal 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 transaction of $409,906.04.

Miami International Price Performance

Shares of MIAX opened at $40.75 on Thursday. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The company has a 50-day moving average of $46.13 and a 200 day moving average of $43.75. The firm has a market capitalization of $3.87 billion and a price-to-earnings ratio of 42.44.

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

Institutional Investors Weigh In On Miami International

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Miami International by 39.5% during the fourth quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock valued at $85,577,000 after acquiring an additional 545,770 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in Miami International in the 3rd quarter worth approximately $1,033,000. Tudor Investment Corp ET AL acquired a new position in Miami International in the 3rd quarter worth approximately $1,833,000. Monashee Investment Management LLC acquired a new position in Miami International in the 3rd quarter worth approximately $6,039,000. Finally, Victory Capital Management Inc. acquired a new position in Miami International in the 3rd quarter worth approximately $12,168,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Keefe, Bruyette & Woods boosted their price target on Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Miami International currently has an average rating of “Moderate Buy” and a consensus price target of $51.20.

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.