The EVP & CFO of Virtu Financial is Exercising Options

Today, the EVP & CFO of Virtu Financial, Joseph Molluso, exercised options of Virtu Financial (NASDAQ: VIRT) for $855K.

This recent transaction increases Joseph Molluso’s holding in the company by 103.92%. In addition to Joseph Molluso, 3 other VIRT executives reported Buy trades in the last month.

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Based on Virtu Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $815 million and quarterly net profit of $172 million. In comparison, last year the company earned revenue of $147 million and had a net profit of $4.23 million. VIRT’s market cap is $2.75B and the company has a P/E ratio of 15.23. Currently, Virtu Financial has an average volume of 1.42M.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $34.67, reflecting a -13.0% downside. Four different firms, including Goldman Sachs and Jefferies, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $89.12M worth of VIRT shares and purchased $855K worth of VIRT shares. The insider sentiment on Virtu Financial has been negative according to 21 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Virtu Financial, Inc. engages in the business of buying and selling of securities and other financial instruments. It offers market making and trading solutions. The company was founded by Vincent Viola in 2008 and is headquartered in New York, NY.