Insiders Make Significant Stock Sales in Interactive Brokers Group (IBKR) Shares Extending the Trend of Last Quarter

Wednesday, September 13, 2017 10:15 PM ET

Insiders Make Significant Stock Sales in Interactive Brokers Group (IBKR) Shares Extending the Trend of Last Quarter

There was substantial level of selling of Interactive Brokers Group shares today, as revealed in filings with the SEC. Three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — disposed of 29,899 shares in the company having a market value of approximately $1,252,704. 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 410,549 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 440,448 shares and have averaged 73,408 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 64 buy/sell trades during this period for an average of 5.3 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 779,162 shares sold with company insiders having bought 329,285 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all 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 obtained to compose and write this story.

Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,683 shares
* Thomas Aj Frank, Officer, sold 16,836 shares
* Paul Jonathan Brody, Director and Officer, sold 11,380 shares

Using proprietary Natural Language Generation (NLG) technology, 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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