Wednesday, October 25, 2017 10:15 PM ET
Insider Sale at GrubHub (GRUB) Continues Selling Trend
One insider — Matthew M Maloney, Director and Officer — today, sold 59,880 shares of GrubHub having a market value of approximately $3,338,307, as revealed in a form 4 document filed with the SEC. 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 sale of 300,234 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 360,114 shares and have averaged 120,038 shares per transaction over this time period.
The number of insider buy/sell trades at GrubHub is greater than the 12 peer company average over the last 90-day period. The Mobile Application Software peer group saw 22 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for GrubHub insiders was also higher. Within the peer group there were 324,268 shares purchased and 1,308,408 shares sold with company insiders disposing of 44,734 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data used to evaluate and write this story.
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