Insider Sales at Interactive Brokers Group (IBKR) are Significant and Extend the Selling Trend of Last Quarter

Tuesday, October 17, 2017 10:15 PM ET

Insider Sales at Interactive Brokers Group (IBKR) are Significant and Extend the Selling Trend of Last Quarter

SEC filings today revealed substantial insider sales of Interactive Brokers Group shares as three insiders — Earl H Nemser, Director and Officer, Thomas Aj Frank, Officer, and Paul Jonathan Brody, Director and Officer — sold 46,323 shares in the company having a market value of approximately $2,203,834. 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 916,559 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 962,882 shares and have averaged 160,480 shares per transaction over this time period.

The number of insider buy/sell trades at Interactive Brokers Group is lower than the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 100 buy/sell trades during this period for an average of 8.3 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 1,278,522 shares sold with company insiders having bought 307,497 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 create and write this story.

Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,675 shares
* Thomas Aj Frank, Officer, sold 33,615 shares
* Paul Jonathan Brody, Director and Officer, sold 11,033 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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