Insiders at Interactive Brokers Group (IBKR) Make Significant Stock Sales Extends the Trend of Last Quarter

Thursday, August 10, 2017 10:15 PM ET

Insiders at Interactive Brokers Group (IBKR) Make Significant Stock Sales Extends the Trend of Last Quarter

A substantial level of insider sales in Interactive Brokers Group was revealed in form 4 documents filed with the SEC today. Three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — sold 29,735 shares in the company having a market value of approximately $1,198,553. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 58,556 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 88,291 shares and have averaged 14,715 shares per transaction over this time period.

The number of insider buy/sell trades at Interactive Brokers Group is greater than that of the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 26 buy/sell trades during this period for an average of 2.2 transactions per company. However, the number of shares traded per transaction by Interactive Brokers Group insiders is lower than its peers. Within the peer group there were 6,347,924 shares purchased and 625,376 shares sold with company insiders acquiring 286,127 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.

Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,674 shares
* Thomas Aj Frank, Officer, sold 16,751 shares
* Paul Jonathan Brody, Director and Officer, sold 11,310 shares

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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