Smarter Analyst

The Chief Strategic Officer of Intercontinental Exchange is Exercising Options

Yesterday it was reported that the Chief Strategic Officer of Intercontinental Exchange (ICE), Goone David, exercised options to buy 10,440 ICE shares at $34.78 a share, for a total transaction value of $363.2K.

Following Goone David S’s last ICE Buy transaction on June 08, 2018, the stock climbed by 19.4%. This recent transaction increases Goone David S’s holding in the company by 7% to a total of $15.5 million.

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Based on Intercontinental Exchange’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.66 billion and quarterly net profit of $529 million. In comparison, last year the company earned revenue of $1.46 billion and had a net profit of $458 million. The company has a one-year high of $95.56 and a one-year low of $69.69. ICE’s market cap is $51.97B and the company has a P/E ratio of 25.36.

Four different firms, including Barclays and Compass Point, currently also have a Buy rating on the stock.

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Intercontinental Exchange, Inc. engages in the management of online marketplace. It operates through the Trading and Clearing; and Data and Listings segments. The Trading and Clearing segment offers transaction-based executions and clearing activities. The Data and Listings segment includes securities and subscription-based data services.