Monday, January 29, 2018 10:15 PM ET
Insider Sale at GrubHub (GRUB) Continues Selling Trend
A SEC filing today indicated a significant insider sale of GrubHub shares as — Matthew M Maloney, Director and Officer — sold 18,750 shares in the company having a market value of approximately $1,409,701. 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 115,917 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 134,667 shares and have averaged 44,889 shares per transaction over this time period.
The number of buy-sell trades for GrubHub is close to that of the 16 member peer company average. The Mobile Application Software peer group saw 55 buy/sell trades during this period for an average of 3.4 transactions per company. However, the number of shares per buy/sell trade transacted by GrubHub insiders is higher. Within the peer group there were 348,018 shares purchased and 1,076,698 shares sold with company insiders selling 13,249 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 used to compose and write this story.
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