Interactive Brokers Group (IBKR) sees Significant Insider Selling Continuing

Wednesday, November 08, 2017 10:15 PM ET

Interactive Brokers Group (IBKR) sees Significant Insider Selling Continuing

There was a notable insider sale of Interactive Brokers Group shares today, as disclosed in a filing with the SEC as — Dr Thomas A Frank, Officer — disposed of 54,903 shares in the company having a market value of approximately $2,976,105 There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 1,278,697 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,333,600 shares and have averaged 266,720 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Interactive Brokers Group is lower than the 12-company peer group average. Financial & Commodity Market Operators & Service Providers (NEC) peer group saw 112 buy/sell trades during this period for an average of 9.3 transactions per company. However, the number of shares per buy/sell trade for Interactive Brokers Group is higher. Within the peer group there were 2,004,790 shares purchased and 1,618,545 shares sold with company insiders acquiring 17,557 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.

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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