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

Friday, September 29, 2017 10:15 PM ET

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

There was substantial level of selling of Interactive Brokers Group shares 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 45,713 shares in the company having a market value of approximately $2,035,011. 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 642,528 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 688,241 shares and have averaged 114,707 shares per transaction over this time period.

The number of insider buy/sell trades at Interactive Brokers Group is below that of the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 80 buy/sell trades during this period for an average of 6.7 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 8,350,945 shares purchased and 999,141 shares sold with company insiders purchasing 334,173 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 1,632 shares
* Thomas Aj Frank, Officer, sold 32,909 shares
* Paul Jonathan Brody, Director and Officer, sold 11,172 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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