Insider at GrubHub (GRUB) Makes Significant Sale of Stock

Monday, November 20, 2017 10:15 PM ET

Insider at GrubHub (GRUB) Makes Significant Sale of Stock

There was a notable sale of shares of GrubHub by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Matthew M Maloney, Director and Officer — disposed of 37,283 shares in the company having a market value of approximately $2,407,917. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 281,466 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 318,749 shares and have averaged 159,375 shares per transaction over this time period.

GrubHub level of buy-sell trading activity is close to the 15 member peer company average. The Mobile Application Software peer group saw 34 buy/sell trades during this period for an average of 2.3 transactions per company. However, the number of shares per buy/sell trade transacted by GrubHub insiders is higher. Within the peer group there were 628,661 shares purchased and 746,776 shares sold with company insiders having sold 3,474 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 composing and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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