Miami International (MIAX) EVP and CIO Jr Sells $280K of Stock

By TradeTexts Research Desk Oct 26, 2026, 5:01 PM EDT

Key Points

Douglas M. Schafer Jr, EVP and CIO, sold 8,000 shares of MIAX at $35.06 each, reducing his ownership by 2.02%.
After the trade, Douglas M. Schafer Jr holds 387,414 $MIAX shares, down 2.02% from before the trade.
The stock closed at $34.99 on the day of the sale, and it recently traded around $33.16, about 5.2% below that close.
Miami International Holdings has a market cap of about $3.37 billion and is expected to report earnings on October 29, 2026.

Since the trade, $MIAX is down 5.2% to date (from the $34.99 close on Oct 22, 2026).

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Douglas M. Schafer Jr, the Executive Vice President and Chief Investment Officer of Miami International Holdings, Inc. (NYSE: MIAX), sold 8,000 shares of the company on October 22, 2026. The sale was valued at approximately $280,480, with the shares sold at a price of $35.06 each. This transaction was part of a planned sale, leading to a 2.02% reduction in Schafer's stake, which now stands at 387,414 shares.

MIAX Miami International Holdings, Inc.

$33.16 -24.03% year to date

Daily close · Oct 26, 2026

Other Institutional Activity in Miami International Holdings

Horizon Kinetics Asset Management LLC holds 7,842,173 shares, having increased its position by 4,390,664 shares. Susquehanna International Group, LLP owns 3,355,043 shares after a modest increase of 58,675 shares. J Digital 6 LLC owns 1,807,234 shares, having added 903,617 shares. BLAIR WILLIAM & CO/IL increased its holdings by 1,169,656 shares, bringing its total to 1,769,432 shares. Balyasny Asset Management LP holds 1,682,924 shares after a gain of 841,462 shares.

Miami International Holdings, Inc. Stock Down 5.2%

On the day of Schafer's sale, MIAX closed at $34.99, but it has since traded lower, recently around $33.16. This price is 5.2% below the closing price on the sale date. The stock is currently about 42% below its 52-week high of $57.14 and also trades below its 50-day and 200-day moving averages, which stand at $37.43 and $41.63, respectively. The average price target from analysts is $46.20.

Recent Earnings

Miami International Holdings reported trailing twelve-month revenue of approximately $1.47 billion, with a net margin of 9.7% and a return on equity of 18.1%. The company will announce its next earnings on October 29, 2026.

Insider Buying and Selling at Miami International Holdings, Inc.

Earlier this year, several insiders made purchases. David Brown bought 2,267 shares on June 15 and then added another 4,970 shares on June 16. Al-Bahar Talal Jassim also purchased 4,970 shares on June 16. These transactions indicate ongoing insider confidence in the company despite Schafer's recent sale.

Analysts Set New Price Targets

On October 2, 2026, Rosenblatt maintained a "Buy" rating with a price target of $62.00. Keefe, Bruyette & Woods also maintained a "Market Perform" rating with a target of $48.00 on October 7, 2026. However, Morgan Stanley downgraded its rating to "Equal-Weight" with a revised target of $43.00 on October 9, 2026. The consensus rating for MIAX remains a "Buy" with a mean price target of $46.20 based on five analysts' opinions.

About Miami International Holdings

Miami International Holdings, Inc. operates various financial marketplaces in the U.S., including options and equities. The company runs several exchanges, such as MIAX Options and MIAX Pearl Equities. With a market cap of about $3.37 billion, MIAX is a significant player in the capital markets sector.

Bottom Line

With the next earnings report due on October 29, 2026, investors will be watching for updates on the company's performance. Additionally, insider transactions and institutional activity may provide insights into future stock trends.