Insider Selling: Milan Galik Unloads 1,800 Shares of Interactive Brokers Group Stock (IBKR)
Interactive Brokers Group (NASDAQ:IBKR) SVP Milan Galik sold 1,800 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $23.27, for a total transaction of $41,886.00. Following the completion of the sale, the senior vice president now directly owns 768,917 shares in the company, valued at approximately $17,892,699. The sale was disclosed in a document filed with the SEC, 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) opened at 24.25 on Friday. 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 $23.0 and a 200-day moving average of $22.74. The company has a market cap of $1.326 billion and a P/E ratio of 25.37. Interactive Brokers Group also was the target of a significant drop in short interest during 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 stock are sold short. Based on an average trading volume of 362,070 shares, the days-to-cover ratio is presently 2.5 days.
Interactive Brokers Group (NASDAQ:IBKR) last released its earnings data on Tuesday, April 15th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group will post $1.18 earnings per share for the current fiscal year.
Interactive Brokers Group, Inc (NASDAQ:IBKR) is a holding company.
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