Wednesday, February 21, 2018 10:15 PM ET
Significant Insider Selling in Shares of GrubHub (GRUB) Continues
There was a notable insider sale of GrubHub shares today, as disclosed in a filing with the SEC as — Matthew M Maloney, Director and Officer — disposed of 10,470 shares in the company having a market value of approximately $1,001,352 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 50,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 60,470 shares and have averaged 30,235 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at GrubHub is lower than its 17-company peer group average. The Mobile Application Software peer group saw 48 buy/sell trades during this period for an average of 2.8 transactions per company. This trading also represents a lower number of shares per transaction. Within the peer group there were 68,625 shares purchased and 3,991,584 shares sold with company insiders disposing of 81,728 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
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