Tuesday, August 29, 2017 10:15 PM ET
Significant Insider Sales in Shares of Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter
There was a notable level of insider selling reported today in filings with the SEC for Interactive Brokers Group. Three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — sold 31,923 shares in the company for approximately $1,349,470. 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 249,139 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 281,062 shares and have averaged 46,844 shares per transaction over this time period.
The number of insider buy/sell trades at Interactive Brokers Group is higher than that of the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 51 buy/sell trades during this period for an average of 4.3 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 8,352,714 shares purchased and 875,854 shares sold with company insiders acquiring 325,081 shares on average over this time period.
The data sourced in evaluating and writing in this story eliminates 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.
Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,649 shares
* Thomas Aj Frank, Officer, sold 19,588 shares
* Paul Jonathan Brody, Director and Officer, sold 10,686 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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