Wednesday, August 30, 2017 10:15 PM ET
Insider at GrubHub (GRUB) Makes Significant Sale of Stock
A filing with the SEC today revealed a notable insider sale of GrubHub shares as — Matthew M Maloney, Director and Officer — disposed of 97,250 shares in the company having a market value of approximately $5,383,509. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 209,234 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 306,484 shares and have averaged 102,161 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at GrubHub is above the 12-company peer group average. Mobile Application Software peer group saw 23 buy/sell trades during this period for an average of 1.9 transactions per company. The number of shares per buy/sell trade for GrubHub insiders was also higher. Within the peer group there were 424,268 shares purchased and 1,364,843 shares sold with company insiders having sold 40,895 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in evaluating and writing this story.
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