Wednesday, October 11, 2017 10:15 PM ET
Significant Insider Sales in Shares of Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter
In SEC filings today Interactive Brokers Group disclosed three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — sold 44,974 shares in the company having a market value of approximately $2,133,327. 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 825,964 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 870,938 shares and have averaged 145,156 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Interactive Brokers Group is below the 12-company peer group average. Financial & Commodity Market Operators peer group saw 92 buy/sell trades during this period for an average of 7.7 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 1,181,427 shares sold with company insiders having bought 341,406 shares on average.
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 evaluate and write this story.
Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,658 shares
* Thomas Aj Frank, Officer, sold 32,977 shares
* Paul Jonathan Brody, Director and Officer, sold 10,339 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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