Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 30,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.53, for a total transaction of $105,900.00. Following the sale, the insider owned 4,065,430 shares of the company’s stock, valued at $14,350,967.90. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Friday, May 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.54, for a total transaction of $106,200.00.
• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The stock was sold at an average price of $4.00, for a total transaction of $80,000.00.
• On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total transaction of $117,600.00.

Grab Stock Performance

NASDAQ:GRAB traded down $0.04 on Wednesday, reaching $3.45. 46,031,429 shares of the company’s stock were exchanged, compared to its average volume of 47,304,440. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 345.35, a P/E/G ratio of 1.58 and a beta of 0.89. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62. The stock has a fifty day simple moving average of $3.65 and a 200-day simple moving average of $4.17.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Grab

A number of large investors have recently modified their holdings of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab in the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new position in shares of Grab in the first quarter valued at approximately $27,000. Parallel Advisors LLC boosted its position in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after acquiring an additional 4,601 shares during the period. Signaturefd LLC boosted its position in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC bought a new position in shares of Grab in the fourth quarter valued at approximately $35,000. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $5.90 target price on shares of Grab in a research report on Wednesday, May 6th. Mizuho cut their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, China Renaissance upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

Grab Company Profile

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.