Monday, October 30, 2017 10:15 PM ET
Significant Insider Selling Continues at GrubHub (GRUB)
There was a notable insider sale of GrubHub shares today, as revealed in a filing with the SEC as — Matthew M Maloney, Director and Officer — disposed of 54,504 shares in the company having a market value of approximately $3,231,240 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 323,186 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 377,690 shares and have averaged 125,897 shares per transaction over this time period.
The number of insider buy/sell trades at GrubHub is above 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 1,331,360 shares sold with company insiders having sold 45,777 shares on average.
The data used in evaluating and writing in this story eliminates 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.
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