Insider Selling: Miami International (NYSE:MIAX) EVP Sells 16,434 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 16,434 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $42.08, for a total value of $691,542.72. Following the sale, the executive vice president directly owned 325,047 shares of the company’s stock, valued at $13,677,977.76. The trade was a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

• On Tuesday, April 7th, Shelly Brown sold 900 shares of Miami International stock. The stock was sold at an average price of $42.00, for a total value of $37,800.00.
• On Monday, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The stock was sold at an average price of $41.33, for a total value of $97,414.81.
• On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The stock was sold at an average price of $39.33, for a total value of $1,019,905.56.

Miami International Stock Performance

Miami International stock traded down $0.97 during mid-day trading on Thursday, reaching $41.25. 1,091,065 shares of the company were exchanged, compared to its average volume of 1,352,613. The firm’s 50-day simple moving average is $40.50 and its two-hundred day simple moving average is $42.79. The firm has a market cap of $3.78 billion and a PE ratio of 76.39. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38.

Miami International (NYSE:MIAX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. Miami International’s quarterly revenue was up 14.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MIAX. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a report on Friday, March 27th. Keefe, Bruyette & Woods began coverage on Miami International in a report on Wednesday. They issued a “market perform” rating and a $40.00 price target for the company. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Miami International in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Miami International currently has an average rating of “Hold” and an average target price of $47.20.

Miami International News Roundup

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Rosenblatt Securities reiterated a “Buy” rating and set a $59 price target, providing a clear upside thesis versus the current market level and supporting investor confidence. Read More.
• Neutral Sentiment: Miami International announced the passing of board member Murray Stahl; the company praised his contributions. This is primarily a governance update — likely neutral for fundamentals unless it triggers broader board changes. Read More.
• Negative Sentiment: Executive insider selling: EVP Shelly Brown sold modest blocks of shares across April 6–7 under a pre-arranged Rule 10b5-1 plan (multiple filings), reducing her stake by small percentages. While the sales are routine and pre-planned, visible insider selling can weigh on sentiment in the near term. Read More.
• Negative Sentiment: Keefe, Bruyette & Woods initiated coverage with a “Market Perform” rating and a $40 price target, which implies downside from recent levels and may pressure sentiment among more cautious investors. Read More.

Hedge Funds Weigh In On Miami International

Several hedge funds have recently bought and sold shares of MIAX. Allspring Global Investments Holdings LLC purchased a new position in Miami International during the third quarter worth $17,684,000. Caldwell Investment Management Ltd. purchased a new position in Miami International during the third quarter worth $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new position in Miami International during the third quarter worth $101,000. Atlas Wealth Partners LLC purchased a new stake in shares of Miami International in the third quarter valued at $881,000. Finally, Federated Hermes Inc. purchased a new stake in shares of Miami International in the third quarter valued at $10,065,000.

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.