Insider Sales at Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter

Tuesday, September 05, 2017 10:15 PM ET

Insider Sales at Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter

There was a notable level of share sales at Interactive Brokers Group today, as reported in filings with the SEC. Three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — sold 38,144 shares in the company having a market value of approximately $1,601,993. 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 310,444 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 348,588 shares and have averaged 58,098 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Interactive Brokers Group is above its 12-company peer group average. The Financial & Commodity Market Operators peer group saw 59 buy/sell trades during this period for an average of 4.9 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 938,709 shares sold with company insiders purchasing 296,560 shares on average over this time period.

The data used 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 1,666 shares
* Thomas Aj Frank, Officer, sold 25,098 shares
* Paul Jonathan Brody, Director and Officer, sold 11,380 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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