Miami International (NYSE:MIAX) EVP Harish Jayabalan Sells 10,217 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Harish Jayabalan sold 10,217 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $40.12, for a total transaction of $409,906.04. Following the transaction, the executive vice president directly owned 73,405 shares of the company’s stock, valued at $2,945,008.60. The trade was a 12.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $391,711.32.

Miami International Stock Up 2.4%

MIAX stock opened at $40.75 on Thursday. Miami International Holdings, Inc. has a 52 week low of $28.63 and a 52 week high of $57.14. The company has a fifty day simple moving average of $46.13 and a two-hundred day simple moving average of $43.75. The firm has a market capitalization of $3.87 billion and a P/E ratio of 42.44.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MIAX shares. Keefe, Bruyette & Woods increased their price objective on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Morgan Stanley raised their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Rosenblatt Securities raised their target price on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. 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’s stock. According to data from MarketBeat.com, Miami International has an average rating of “Moderate Buy” and an average price target of $51.20.

Institutional Trading of Miami International

Several institutional investors and hedge funds have recently modified their holdings of MIAX. State of Wyoming bought a new stake in shares of Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI purchased a new position in Miami International during the 3rd quarter valued at about $29,000. Comerica Bank increased its position in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after purchasing an additional 937 shares during the period. Fifth Third Bancorp purchased a new position in Miami International during the 1st quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Miami International during the 4th quarter valued at about $66,000.

About Miami International

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.