GuruFocus - On September 11, 2024, Judith Sprieser, Director at Intercontinental Exchange Inc (NYSE:ICE (NYSE:ICE)), sold 659 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 26,249 shares of Intercontinental Exchange Inc.
Intercontinental Exchange Inc operates a network of regulated exchanges and clearing houses for financial and commodity markets. The company provides data services for commodity, equity, and fixed income markets, and serves customers in more than 130 countries.
Over the past year, Judith Sprieser has sold a total of 9,351 shares of Intercontinental Exchange Inc and has not made any purchases of the stock. This recent sale is part of a broader trend observed within the company, where there have been 49 insider sells and no insider buys over the past year.
On the date of the sale, shares of Intercontinental Exchange Inc were trading at $161.27. This pricing gives the company a market cap of approximately $92.64 billion. The price-earnings ratio of the stock stands at 40.04, which is significantly higher than the industry median of 17.57.
According to the GF Value, the intrinsic value estimate for Intercontinental Exchange Inc is $119.54 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 1.35. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock's current valuation metrics, including its price-to-free cash flow and other financial ratios.
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.