Insider Trends: Insider Prolongs 90-Day Selling Trend at Interactive Brokers Group
05:14 PM EST, 02/05/2021 (MT Newswires) -- Dr Thomas A Frank, Chief Information Officer, on Feb 03, 2021, sold 66,909 shares in Interactive Brokers Group (IBKR) for $4,604,874. Dr Frank, subsequent to the transactions disclosed in the SEC Form 4 filing, owns 1,189,340 shares of company stock, with a market value, based on the prior-day closing price, of $82.8 million.
In the 90 days prior to the date of this filing, there have been 91 insider transactions reported to the SEC for Interactive Brokers Group. These transactions came from the activities of 8 individual insiders that resulted in a net disposition of 1,713,630 company shares. This compares with the preceding 90-day window of time where there were 23 transactions from 4 insiders that resulted in the net acquisition of 11,128,915 shares.
This level of insider transactions is below that of the peer group average in the 14-company Financial & Commodity Market Operators & Service Providers (NEC) peer group over the last 90-day period. Peer group activity averaged 157.4 transactions per company, and disposition of 260,211 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1381197/000156761921002305/xslF345X03/doc1.xml
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.