Insider Selling: Grab (NASDAQ:GRAB) Insider Sells $90,000.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Wolfgang Kandal sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $3.00, for a total value of $90,000.00. Following the completion of the sale, the insider directly owned 3,928,735 shares of the company’s stock, valued at approximately $11,786,205. This trade represents a 0.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Tuesday, September 15th, Wolfgang Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.08, for a total value of $92,400.00.
• On Friday, August 14th, Wolfgang Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.64, for a total value of $109,200.00.

Grab Price Performance

Shares of NASDAQ GRAB opened at $2.82 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a twelve month low of $2.74 and a twelve month high of $6.24. The stock has a 50 day moving average of $3.21 and a two-hundred day moving average of $3.49. The stock has a market cap of $11.56 billion, a P/E ratio of 47.01, a P/E/G ratio of 0.51 and a beta of 0.91.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, research analysts forecast that Grab Holdings Limited will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Grab

A number of institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its position in Grab by 2.1% during the 4th quarter. Corient Private Wealth LLC now owns 129,340 shares of the company’s stock worth $644,000 after purchasing an additional 2,665 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Grab by 0.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 721,569 shares of the company’s stock valued at $2,628,000 after buying an additional 2,858 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Grab by 3.2% in the 1st quarter. AdvisorNet Financial Inc now owns 100,104 shares of the company’s stock valued at $366,000 after buying an additional 3,141 shares during the period. KBC Group NV boosted its stake in shares of Grab by 0.4% in the first quarter. KBC Group NV now owns 1,096,393 shares of the company’s stock valued at $4,012,000 after buying an additional 4,170 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Grab by 34.7% during the first quarter. Keybank National Association OH now owns 16,677 shares of the company’s stock worth $61,000 after acquiring an additional 4,295 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GRAB shares. KeyCorp set a $7.00 price target on shares of Grab in a research note on Wednesday, September 16th. Morgan Stanley reissued an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Bank of America restated a “buy” rating on shares of Grab in a research note on Friday, September 25th. Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $6.01.

About Grab

Grab Holdings Inc (NASDAQ:GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.

Grab’s platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.

In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.