Cboe Global Markets director sells $261,376 in shares

Cboe Global Markets, Inc. (NASDAQ:CBOE) director Janet P. Froetscher sold 937 shares of the company's common stock on August 12, 2026. The shares were sold at $278.95 per share, totaling a value of $261,376. This transaction represents a gain of around 5% since the purchase. According to InvestingPro analysis, CBOE appears to be undervalued at the moment, boasting a strong dividend history of 11 consecutive years of increases. Post the sale, Ms. Froetscher currently owns 12,870 shares of Cboe Global Markets common stock.

The sale was carried out under a Rule 10b5-1 trading plan that Ms. Froetscher set up on February 11, 2026. Such plans are designed to minimize the risk of insider trading accusations for corporate insiders by allowing them to schedule predetermined buy or sell orders for company shares.

In a separate update, Cboe Global Markets reported robust second-quarter 2026 financial results. The company exceeded both analyst expectations and its own previous estimates. Adjusted earnings per share came in at $3.56, surpassing the forecasted $3.36. Net revenue for the quarter reached approximately $732 million, reflecting a 25% increase from the prior year and outpacing the consensus estimate of $700.1 million.

Piper Sandler continues to hold an Overweight rating on Cboe, praising the company's impressive earnings performance and setting a price target of $320. The firm's earnings per share surpassed Piper Sandler's estimate of $3.45, underscoring the company's strong financial position. These positive developments indicate significant growth and resilience in Cboe's business model, with investors and analysts likely to keep a close eye on the company's financial performance in the upcoming quarters.