Wednesday, October 25, 2017 10:15 PM ET
Significant Insider Sales in Shares of Interactive Brokers Group (IBKR) Extends the Selling Trend of Last Quarter
Three insiders — Earl H Nemser, Director and Officer, Dr Thomas A Frank, Officer, and Paul Jonathan Brody, Director and Officer — today, disposed of 46,109 shares of Interactive Brokers Group having a market value of approximately $2,333,804, as reported in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 1,057,286 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,103,395 shares and have averaged 157,628 shares per transaction over this time period.
The number of insider buy/sell trades at Interactive Brokers Group is less than the 12 peer company average over the last 90-day period. The Financial & Commodity Market Operators peer group saw 109 buy/sell trades during this period for an average of 9.1 transactions per company. However, the number of shares per buy/sell trade for Interactive Brokers Group is higher. Within the peer group there were 2,004,790 shares purchased and 1,419,249 shares sold with company insiders acquiring 24,398 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 creating and writing this story.
Today’s Insider Activity
* Earl H Nemser, Director and Officer, sold 2,683 shares
* Dr Thomas A Frank, Officer, sold 32,670 shares
* Paul Jonathan Brody, Director and Officer, sold 10,756 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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