Insider Selling: Interactive Brokers Group SVP Sells 1,800 Shares of Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik unloaded 1,800 shares of the stock on the open market in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $23.09, for a total value of $41,562.00. Following the transaction, the senior vice president now directly owns 774,317 shares of the company’s stock, valued at approximately $17,878,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on IBKR shares. 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 (NASDAQ:IBKR) traded down 1.16% on Tuesday, hitting $23.10. 410,984 shares of the company’s stock traded hands. Interactive Brokers Group has a 52 week low of $15.90 and a 52 week high of $25.03. The stock has a 50-day moving average of $22.99 and a 200-day moving average of $22.76. The company has a market cap of $1.263 billion and a P/E ratio of 24.99. Interactive Brokers Group also was the target of a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 913,054 shares, a drop of 18.6% from the May 30th total of 1,121,292 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average trading volume of 362,070 shares, the short-interest ratio is currently 2.5 days.
Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 15th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. Interactive Brokers Group’s revenue was up 64.4% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group will post $1.19 earnings per share for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.