Insider Selling: Milan Galik Sells 1,800 Shares of Interactive Brokers Group Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $23.67, for a total value of $42,606.00. Following the transaction, the senior vice president now directly owns 776,117 shares in the company, valued at approximately $18,370,689. The sale was disclosed in a document filed with the SEC, which is available at this link.
Interactive Brokers Group (NASDAQ:IBKR) traded down 2.07% on Thursday, hitting $23.21. The stock had a trading volume of 331,254 shares. Interactive Brokers Group has a 1-year low of $15.82 and a 1-year high of $25.03. The stock has a 50-day moving average of $23.04 and a 200-day moving average of $22.82. The company has a market cap of $1.269 billion and a P/E ratio of 25.35. Interactive Brokers Group also saw a large growth in short interest in May. As of May 30th, there was short interest totalling 1,121,292 shares, a growth of 60.4% from the May 15th total of 699,275 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 306,566 shares, the days-to-cover ratio is presently 3.7 days.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 15th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $355.00 million for the quarter, compared to the consensus estimate of $314.80 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $1.19 earnings per share for the current fiscal year.
A number of research firms have recently commented on IBKR. Analysts at Zacks upgraded shares of Interactive Brokers Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 27th. They now have a $25.50 price target on the stock. Analysts at TheStreet upgraded shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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