Director of Miami International Holdings Sells Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2026
0mins
Should l Buy MIAX?
Source: NASDAQ.COM
- Share Reduction Details: Kurt M. Eckert, a director at Miami International Holdings, sold 37,917 shares on March 19, 2026, for approximately $1.48 million at an average price of $39.00 per share, reducing his direct holdings to 142,375 shares, indicating a strategic liquidity move.
- Options Exercise and Sale: The transaction involved the exercise of 12,917 options, with all shares sold directly, suggesting that this sale is more about liquidity management rather than a negative outlook on the company's future, reflecting the director's timing acumen in the market.
- Significant Revenue Growth: Miami International Holdings reported full-year net revenue of $430.5 million for 2026, marking a 56% year-over-year increase, while adjusted EBITDA soared by 143% to $199.1 million, showcasing strong operational momentum driven by robust options trading volumes.
- Market Share Increase: The company's options market share has climbed to 18.2%, with a sharp rise in average daily volume indicating enhanced liquidity on their platforms, suggesting that if they can maintain this growth, there could be further upside potential for the stock.
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Analyst Views on MIAX
Wall Street analysts forecast MIAX stock price to rise
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 44.180
Low
37.00
Averages
47.20
High
55.00
Current: 44.180
Low
37.00
Averages
47.20
High
55.00
About MIAX
Miami International Holdings, Inc. is a multi-asset exchange operator. It is a technology-driven in building and operating regulated financial marketplaces across multiple asset classes and geographies. Its products include MIAX, MIAX Options, MIAX PRIME, MIAX Technologies, MIAX Pearl, and MIAX Emerald. Its segments include Options, Equities, Futures and International. The Options segment includes business operations of listed options on the stocks of individual equities and options on exchange-traded products (ETP). The equities segment includes its business operations relating to listed U.S. equities and ETP transaction services. The futures segment includes its business operations relating to futures transaction services provided by its futures exchange and clearing house, MIAX Futures. The International segment includes listing services for capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and insurance linked securities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- New Brand Promotion Phase: MIAX has announced the launch of its nationwide advertising campaign, “Excellence in Every Exchange,” aimed at enhancing brand awareness and deepening engagement with the financial ecosystem, marking a significant milestone following its IPO in August 2025.
- Product-Driven Messaging: The campaign will feature promotions for the soon-to-launch Bloomberg equity index futures products, showcasing MIAX's technology-driven leadership across multiple asset classes and further solidifying its market influence.
- Innovative Visual Design: Developed in-house by MIAX's marketing team, the campaign features bold, three-dimensional artwork symbolizing the speed of the company's advanced trading technology, designed to attract target audiences and elevate brand perception.
- Multi-Channel Promotion Strategy: The campaign is live across major U.S. cities and financial hubs through high-impact Out-Of-Home placements and leading media outlets, aiming to enhance market connectivity through diverse communication methods.
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- New Branding Phase: MIAX has launched a nationwide advertising campaign titled 'Excellence in Every Exchange,' aimed at enhancing brand awareness and deepening engagement within the financial ecosystem, marking a significant milestone following its IPO in August 2025.
- Product-Driven Messaging: The campaign not only showcases MIAX's soon-to-launch Bloomberg equity index futures products but also emphasizes the company's leadership in trading technology, reflecting its commitment to customers and professionalism.
- Multi-Channel Promotion Strategy: The advertising campaign is being promoted through high-impact Out-Of-Home placements across major U.S. cities and financial hubs, ensuring broad coverage of target audiences and further enhancing market influence.
- In-House Creative Development: Developed by MIAX's internal marketing team, the campaign features bold three-dimensional artwork symbolizing the speed of the company's advanced trading technology, elevating the brand image and laying the groundwork for future growth.
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- Earnings Release Schedule: Miami International Holdings will release its financial results for Q1 2026 after market close on May 6, 2026, which is expected to provide investors with critical financial data and operational performance insights.
- Management Conference Call: The company's senior management will hold a conference call at 5:00 p.m. ET following the release, with participants able to dial in at 866-652-5200 (international 412-317-6060), aimed at enhancing communication and transparency with investors.
- Webcast Availability: The conference call will also be available via webcast on the company's website under the
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- Earnings Release Schedule: Miami International Holdings, Inc. will release its financial results for the first quarter of 2026 after market close on May 6, 2026, which is expected to provide investors with critical financial data and operational performance insights.
- Management Conference Call: The company's senior management will hold a conference call at 5:00 p.m. ET on the same day, with participants able to join by calling 866-652-5200 (international dial-in 412-317-6060), aimed at enhancing communication with investors.
- Webcast Availability: The conference call will also be available via webcast on the
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- Board Member's Passing: Murray Stahl passed away on April 9, 2026, having served on the MIAX Board since July 2025, leaving a significant impact on the company and the financial markets.
- Leadership Influence: MIAX CEO Thomas P. Gallagher noted that Stahl was not only an exceptional professional but also known for his generosity and respect for colleagues, embodying the core values of the company culture.
- Multiple Roles: Stahl also served as a director of MIAX Futures since 2013 and was a member of the Bermuda Stock Exchange Council, showcasing his extensive influence in the financial industry.
- Future Outlook: Stahl's passing represents a significant loss for MIAX, which will continue to uphold his vision and drive innovation in financial markets to honor this remarkable leader.
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- Board Member's Passing: MIAX announced the passing of Board member Murray Stahl on April 9, 2026, leading to deep condolences from the company, with Chairman and CEO Thomas P. Gallagher noting Stahl's spirit and support had a lasting impact on MIAX.
- Leadership and Contributions: Stahl served as a director of MIAX since July 2025 and held significant roles in various subsidiaries, including MIAX Futures™ and the Bermuda Stock Exchange, showcasing exceptional leadership and industry influence.
- Personal Achievements and Impact: Remembered not only for his professional accomplishments, Stahl was widely praised for his generosity and respect for colleagues, with the chairman referring to him as an “early believer” who provided steadfast support for MIAX's vision.
- Future Company Outlook: Stahl's passing may impact MIAX's strategic direction and team morale, prompting the board to reassess its leadership structure in light of ensuring the company's continued growth.
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