Francis A. Braun III, Director at ITG, Inc./DE/ (ITG), bought 8,700 shares at $16.00 ($19K) on 2026-07-02, disclosed to the SEC on 2026-07-07.
Director Francis A. Braun purchased 1,200 shares at $16.00 on July 2, 2026, marking the largest insider purchase in his career. This significant accumulation suggests confidence in the stock's recovery following its recent IPO pricing below the expected range.
The stock is currently trading at $30.23, representing a substantial premium to the July 1 IPO price of $16.00, though the shares are still down approximately 3.4% year-to-date.
A July 1 report noted the company raised $312.2 million after pricing its IPO below the range, while a July 3 analyst commentary highlighted the stock as undervalued despite broader market caution.
The July 3 news report highlighted that broader checks remain cautious, potentially limiting upside despite the insider buying. Additionally, the stock's recent performance shows no significant momentum, trading flat over the last 90 days.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.00 | 7,500 | $0 | 0.0% |
| 2 | $16.00 | 1,200 | $19K | 100.0% |
| Total | $2.21 avg | 8,700 | $19K | 100% |