Adrian JohnsonTLDR:
Interactive Brokers Group Inc’s Chief Information Officer, Thomas Frank, sold 95,790 shares in the company on January 29, 2024, at an average price of $90.95 per share, for a total value of $8,713,500.50. This sale is part of a trend of insider selling at the company.
Interactive Brokers Group Inc is a brokerage firm that provides direct access trade execution and clearing services for a range of electronically traded products. The company operates its own trading platforms and has a significant presence in the electronic brokerage sector.
Over the past year, Frank has sold a total of 866,981 shares in the company and has not made any purchases. This recent sale brings further caution to investors as it adds to the pattern of insider sales at Interactive Brokers Group Inc.
The market capitalization of Interactive Brokers Group Inc was $9.601 billion at the time of the sale. The company’s stock was trading at $90.95 per share, with a price-to-earnings ratio of 15.85, indicating that it was undervalued compared to the industry median.
GuruFocus’s GF Value estimates that Interactive Brokers Group Inc was modestly undervalued at the time of the sale. The GF Value takes into account historical trading multiples, growth estimates, and Morningstar analysts’ projections.
Note: This article is based on historical data and analyst projections and should not be considered as specific investment advice. It does not take into account individual investment objectives or financial circumstances.
