What Did This CEO Just Do with Personal Shares of Marketaxess Holdings (MKTX)?


Today, the Chairman & CEO of Marketaxess Holdings (NASDAQ: MKTX), Richard Mcvey, sold shares of MKTX for $4.35M.

This is Mcvey’s first Sell trade following 5 Buy transactions.

See today’s analyst top recommended stocks >>

Based on Marketaxess Holdings’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $108 million and quarterly net profit of $40.49 million. In comparison, last year the company earned revenue of $97.31 million and had a net profit of $38.02 million. MKTX’s market cap is $7.13B and the company has a P/E ratio of 46.04. Currently, Marketaxess Holdings has an average volume of 124.2K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $214.50, reflecting a -11.7% downside.

In the last 30 days, insiders have sold $4.35M worth of MKTX shares and purchased $905.5K worth of MKTX shares. The insider sentiment on Marketaxess Holdings has been negative according to 57 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MarketAxess Holdings, Inc. operates as a electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. It also provides data and analytical tools that help its clients to make trading decisions and facilitate the trading process by electronically communicating order information between trading counterparties. The company’s patented trading technology allows institutional investor clients to request competitive, executable bids, or offers from multiple broker dealers simultaneously and to execute trades with the broker dealer of their choice. The company was founded by Richard M. Mcvey on April 11, 2000 and is headquartered in New York, NY.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts