Significant Insider Sales in Shares of Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter

Tuesday, September 19, 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 share sales at Interactive Brokers Group 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 — sold 37,845 shares in the company having a market value of approximately $1,604,427. 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 470,090 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 507,935 shares and have averaged 84,656 shares per transaction over this time period.

This number of buy-sell trades at Interactive Brokers Group is near average for the 12 member peer company. The Financial & Commodity Market Operators peer group saw 71 buy/sell trades during this period for an average of 5.9 transactions per company. However, trading at Interactive Brokers Group represents a lower number of shares per transaction. Within the peer group there were 8,352,714 shares purchased and 843,703 shares sold with company insiders purchasing 312,875 shares on average over this time period.

The data obtained 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 1,683 shares
* Thomas Aj Frank, Officer, sold 25,268 shares
* Paul Jonathan Brody, Director and Officer, sold 10,894 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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