Thursday, October 19, 2017 10:15 PM ET
Interactive Brokers Group (IBKR) sees Significant Insider Sales Extending the Trend of Last Quarter
Interactive Brokers Group, today, saw three insiders — Earl H Nemser, Director and Officer, Dr Thomas A Frank, Officer, and Paul Jonathan Brody, Director and Officer — sell 46,694 shares having a market value of approximately $2,270,675, as disclosed in form 4 documents filed with the SEC. 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 962,882 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,009,576 shares and have averaged 168,263 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 less than the 12-company peer group average. Financial & Commodity Market Operators peer group saw 103 buy/sell trades during this period for an average of 8.6 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 1,324,845 shares sold with company insiders having bought 305,483 shares on average.
In determining significant insider buying and selling, 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 compose and write this story.
Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 1,683 shares
* Dr Thomas A Frank, Officer, sold 33,700 shares
* Paul Jonathan Brody, Director and Officer, sold 11,311 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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