Insider Selling in Interactive Brokers Group (IBKR) Shares Continues
10:19 PM EST, 02/04/2021 (MT Newswires) -- There was a significant insider sale of Interactive Brokers Group shares today, as disclosed in a filing with the SEC as -- Paul Jonathan Brody, Director and Officer -- sold 25,313 shares in the company having a market value of approximately $1,673,334 There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 1,943,104 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,968,417 shares and have averaged 492,104 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Interactive Brokers Group is below the 14-company peer group average. Financial & Commodity Market Operators & Service Providers (NEC) peer group saw 108 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 5,230 shares purchased and 2,030,373 shares sold with company insiders disposing of 18,751 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 obtained in creating and writing this story.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.