Thursday, August 31, 2017 10:15 PM ET
Significant Insider Sales in Shares of Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter
Three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — today, disposed of 29,382 shares of Interactive Brokers Group having a market value of approximately $1,223,494, as revealed in form 4 documents filed with the SEC. 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 disposition of 281,062 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 310,444 shares and have averaged 51,741 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 56 buy/sell trades during this period for an average of 4.7 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 909,327 shares sold with company insiders acquiring 297,735 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,623 shares
* Thomas Aj Frank, Officer, sold 16,240 shares
* Paul Jonathan Brody, Director and Officer, sold 11,519 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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