Does Intercontinental Exchange Inc. (ICE) Have Insiders Selling Shares?

As of Friday close, Intercontinental Exchange Inc.’s (NYSE:ICE) stock was up $2.77, moving up 2.90 percent to $98.27. The average number of shares traded per day over the past five days has been 4,571,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.54 fall in that time frame. In the last twenty days, the average volume was 4,460,705, while in the previous 50 days, it was 3,546,368.

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Since last month, ICE stock retreated -21.90%. Shares of the company fell to $93.52 on 05/12/22, the lowest level in the past month. A 52-week high of $139.79 was reached on 03/18/22 after having rallying from a 52-week low of $93.52. Since the beginning of this year, ICE’s stock price has dropped by -28.15% or -$38.50, and marked a new high 3 times. However, the stock has declined by -29.70% since its 52-week high.

Intercontinental Exchange Inc. (ICE) last reported insider trading activity 33 days ago on Apr 11. Wassersug Mark, the Chief Operating Officer of the company, disposed of 11,000 shares for $128.53 on Apr 11. It resulted in a $1,413,884 divestment by the insider. Wassersug Mark sold 11,000 shares at an average price of $126.60 on Mar 10. The insider now owns 27,229 shares following the transaction. On Mar 04, Chief Strategic Officer Goone David S sold 36,570 shares at $135.02 apiece. The transaction was valued at $4,937,641.

Valuation Metrics

Right now, Intercontinental Exchange Inc. (ICE) has a P/E ratio of about 13.64. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 6.10, the price-to-book (PB) ratio of 2.43, and the price-to-cash flow ratio of 25.54 may also be considered.

The latest dividend of $0.38 per share was paid out, remained unchanged from last year’s $0.38. On Thursday February 3 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended September 29, Intercontinental Exchange Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.55, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 78.80% percent. In the year ended September 29, operating margins totaled 53.80%. Based on annual data, ICE earned $6.99 billion in gross profit and brought in $7.15 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.80%. Return on equity (ROE) for the past 12 months was 18.50%.

In Intercontinental Exchange Inc.’s quarter-end financial report for September 29, it reported total debt of $12.4 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ICE’s revenue rose 1.26% to $2.33 billion during the quarter, while net income inched up to $2.46 billion. While analysts expected Intercontinental Exchange Inc. to report $1.22 quarterly earnings, the actual figure was $1.3 per share, beating the consensus estimate by 6.60%. During the quarter, the company generated $1.25 billion in EBITDA. The liabilities of Intercontinental Exchange Inc. were 185.78 billion at the end of its most recent quarter ended September 29, and its total debt was $14.5 billion. The value of shareholders’ equity is $558.27 million.

Technical Picture

This quick technical analysis looks at Intercontinental Exchange Inc.’s (ICE) price momentum. With a historical volatility rate of 45.59%, the RSI 9-day stood at 27.37% on 13 May.

With respect to its five-day moving average, the current Intercontinental Exchange Inc. price is down by -1.54% percent or -$1.54. At present, ICE shares trade -21.09% below its 20-day simple moving average and -25.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.21% below its SMA50 and -18.66% below its SMA200.

Stochastic coefficient K was 8.64% and Stochastic coefficient D was 4.71%, while ATR was 4.26. Given the Stochastic reading of 18.22% for the 14-day period, the RSI (14) reading has been calculated as 26.66%. As of today, the MACD Oscillator reading stands at -4.73, while the 14-day reading stands at -10.12.

Analyst Ratings

Credit Suisse launched its rating on Intercontinental Exchange Inc. (NYSE: ICE) to an Outperform in a note to investors on February 15, 2022. Intercontinental Exchange Inc. (ICE) has been rated Overweight by analysts. According to 0 brokerage firms, ICE is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Intercontinental Exchange Inc. stock as buy, with 11 recommending it as overweight.

With a median target price of $142.00, the current consensus forecast for the stock is $120.00 – $161.00. Based on these forecasts, analysts predict Intercontinental Exchange Inc. (ICE) will achieve an average price target of $141.77.


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