Latest Insider Selling in April 2024: 5 Stocks to Watch

4. Intercontinental Exchange Inc (NYSE:ICE)

Number of Hedge Fund Investors: 63

Intercontinental Exchange Inc (NYSE:ICE) ranks fourth in our list of the stocks insiders are selling in April. On April 3, Jeffrey C. Sprecher, the CEO of Intercontinental Exchange Inc (NYSE:ICE), dumped 168,388 shares of Intercontinental Exchange Inc (NYSE:ICE) at $137.21 per share. The total value of this transaction was $23,104,842. Since April 3 ICE shares are up 0.35%.

Sequoia Fund stated the following regarding Intercontinental Exchange, Inc. (NYSE:ICE) in its fourth quarter 2023 investor letter:

“Shares in Intercontinental Exchange, Inc. (NYSE:ICE) returned 27% last year, a touch ahead of the Index. We expect both revenues and earnings per share to be up mid-single digits on an organic basis in 2023.

As a reminder, Intercontinental has evolved over twenty-three years from a small electronic energy exchange into the world’s largest market infrastructure company measured by market capitalization. Intercontinental’s portfolio now spans derivative and equity exchanges, various fixed income and data assets, and multiple mortgage software platforms. This portfolio of very high-quality businesses was carefully assembled by the company’s founder and CEO Jeffrey Sprecher…” (Click here to read the full text)