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

Thursday, October 05, 2017 10:15 PM ET

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

There was significant 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 45,345 shares in the company having a market value of approximately $2,135,805. 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 734,185 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 779,530 shares and have averaged 129,922 shares per transaction over this time period.

The level of buy/sell trading at Interactive Brokers Group is is below the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 86 buy/sell trades during this period for an average of 7.2 transactions per company. However, the number of shares per buy/sell trade for Interactive Brokers Group is higher. Within the peer group there were 8,350,945 shares purchased and 1,090,798 shares sold with company insiders purchasing 330,007 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in composing and writing this story.

Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,623 shares
* Thomas Aj Frank, Officer, sold 33,105 shares
* Paul Jonathan Brody, Director and Officer, sold 10,617 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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