Insider Selling: Matthew Frederic Wilhelm Unloads 169,560 Shares of FXCM Stock (FXCM)
FXCM (NASDAQ:FXCM) major shareholder Matthew Frederic Wilhelm unloaded 169,560 shares of FXCM stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $16.83, for a total value of $2,853,694.80. Following the completion of the sale, the insider now directly owns 4,077,326 shares in the company, valued at approximately $68,621,397. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of FXCM (NASDAQ:FXCM) traded up 0.18% during mid-day trading on Thursday, hitting $16.80. The stock had a trading volume of 284,128 shares. FXCM has a 52-week low of $12.75 and a 52-week high of $19.97. The stock’s 50-day moving average is $17.10 and its 200-day moving average is $17.44. The company has a market cap of $730.9 million and a price-to-earnings ratio of 35.68.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of FXCM from $1.00 to $20.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at Zacks upgraded shares of FXCM from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $18.30 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of FXCM in a research note to investors on Wednesday, December 18th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $19.61.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
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