Virtu financial CEO Douglas Cifu sells shares worth $13.78 million

Douglas A. Cifu, the Chief Executive Officer of Virtu Financial, Inc. (NASDAQ:VIRT), sold a significant number of shares in recent transactions. The stock has shown remarkable strength, delivering an 83.7% return over the past year, according to InvestingPro data. According to the latest SEC filings, Cifu sold a total of 355,881 shares of Class A common stock over two days, April 25 and April 28, 2025. The sales were executed at a weighted average price range of $38.4041 to $39.1269 per share, resulting in a total transaction value of approximately $13.78 million. With a current market capitalization of $6.08 billion and trading at a P/E ratio of 11.1x, InvestingPro analysis suggests the stock is slightly undervalued.

Following these transactions, Cifu’s direct ownership of Virtu Financial’s Class A common stock decreased to 231,306 shares. Additionally, Cifu holds indirect ownership through various trusts and entities, as noted in the SEC filing footnotes. These transactions highlight the ongoing changes in the executive’s stake in the company. InvestingPro data reveals the company maintains a "GREAT" financial health score of 3.16, with additional insights available in the comprehensive Pro Research Report covering 1,400+ top stocks.

In other recent news, Virtu Financial has reported exceptional financial results for the first quarter of 2025, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $1.30, surpassing the forecasted $1.06, while revenue reached $837.9 million, significantly higher than the anticipated $444.36 million. This strong performance was driven by Virtu’s diversified market-making platform and execution services, contributing to an adjusted EBITDA of $320 million with a 64% margin. Additionally, Virtu Financial has repurchased 1.3 million shares, accumulating a total of $1.4 billion in buybacks to date.

Citi analyst Chris Allen has responded to Virtu’s impressive first-quarter results by raising the company’s price target to $48, maintaining a Buy rating. Allen highlighted the company’s robust market-making activity and the favorable environment at the onset of the second quarter. Virtu Financial is also focusing on growth opportunities in digital assets and fixed income markets, with a target of $2 million per day in execution services. The company is optimistic about benefiting from increased market volume and volatility, as noted by CEO Douglas Sifu.

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