Insider Selling: Nicholas Themelis Sells 11,000 Shares of MarketAxess Holdings Stock (MKTX)
MarketAxess Holdings (NASDAQ:MKTX) Insider Nicholas Themelis unloaded 11,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $57.58, for a total value of $633,380.00. Following the completion of the transaction, the insider now directly owns 56,791 shares in the company, valued at approximately $3,270,026. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of MarketAxess Holdings (NASDAQ:MKTX) traded up 0.36% during mid-day trading on Friday, hitting $57.97. 166,742 shares of the company’s stock traded hands. MarketAxess Holdings has a 52-week low of $47.26 and a 52-week high of $71.62. The stock’s 50-day moving average is $54.04 and its 200-day moving average is $56.2. The company has a market cap of $2.174 billion and a price-to-earnings ratio of 28.45.
MarketAxess Holdings (NASDAQ:MKTX) last announced its earnings results on Wednesday, July 23rd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $64.57 million. During the same quarter last year, the company posted $0.51 earnings per share. MarketAxess Holdings’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that MarketAxess Holdings will post $1.87 earnings per share for the current fiscal year.
A number of research firms have recently commented on MKTX. Analysts at Zacks upgraded shares of MarketAxess Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $58.00 price target on the stock. Separately, analysts at Raymond James upgraded shares of MarketAxess Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 24th. They now have a $63.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of MarketAxess Holdings from $53.00 to $50.00 in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.00.
MarketAxess Holdings Inc (NASDAQ:MKTX) operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments.
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