Tuesday, November 07, 2017 10:15 PM ET
GrubHub (GRUB) Insider Makes Significant Share Sale
A notable insider sale of the shares of GrubHub was disclosed in a form 4 document filed with the SEC today, showing — Matthew M Maloney, Director and Officer — sold 36,932 shares in the company having a market value of approximately $2,305,697. 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 337,838 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 374,770 shares and have averaged 124,923 shares per transaction over this time period.
Insiders at GrubHub have a higher number of buy/sell transactions than the 13-peer company average over the last 90-day period. The Mobile Application Software peer group saw 23 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 1,346,012 shares sold with company insiders having sold 44,424 shares on average.
To bring into focus 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 in data sourced to evaluate and write this story.
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