Insider Selling: Grab (NASDAQ:GRAB) Insider Sells $106,200.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $106,200.00. Following the transaction, the insider owned 4,095,430 shares in the company, valued at approximately $14,497,822.20. This trade represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were sold at an average price of $4.00, for a total value of $80,000.00.
• On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $117,600.00.

Grab Trading Up 1.4%

Shares of GRAB stock opened at $3.56 on Friday. Grab Holdings Limited has a 12 month low of $3.39 and a 12 month high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $3.74 and its two-hundred day moving average is $4.44. The company has a market cap of $14.59 billion, a PE ratio of 356.36, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The company had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Equities analysts predict that Grab Holdings Limited will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Grab

Hedge funds have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its stake in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Grab during the third quarter worth $38,000. Signaturefd LLC boosted its stake in Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after buying an additional 2,543 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after buying an additional 6,500 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GRAB has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, May 6th. Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Benchmark reissued a “buy” rating on shares of Grab in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.19.

About Grab

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.