Monday, September 25, 2017 10:15 PM ET
Significant Insider Sales Reported in Shares of Interactive Brokers Group (IBKR) Extending the Trend of Last Quarter
There was a substantial 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 — disposed of 45,872 shares in the company for approximately $1,999,359. 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 552,788 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 598,660 shares and have averaged 99,777 shares per transaction over this time period.
The level of buy-sell trades at Interactive Brokers Group is close to that of the 12 member peer company average. The Financial & Commodity Market Operators peer group saw 77 buy/sell trades during this period for an average of 6.4 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 926,401 shares sold with company insiders purchasing 309,430 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 1,623 shares
* Thomas Aj Frank, Officer, sold 32,730 shares
* Paul Jonathan Brody, Director and Officer, sold 11,519 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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