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Grab (NASDAQ:GRAB) Sets New 12-Month Low After Insider Selling

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Key Points

  • Grab hit a new 52-week low of $3.50 after insider Chin Yin Ong sold 38,000 shares under a Rule 10b5‑1 plan at an average of $3.62, trimming his stake by 1.76% (SEC filing).
  • Despite the drop, analysts remain largely positive—MarketBeat shows an average rating of Buy with a consensus price target of $6.47, and multiple firms recently issued Buy or Outperform ratings.
  • Company metrics show a market cap of $14.49 billion and a high P/E of ~118; Grab beat EPS estimates last quarter but missed revenue, and its 50‑ and 200‑day moving averages are $4.03 and $4.93 respectively.
  • MarketBeat previews the top five stocks to own by June 1st.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $3.50 and last traded at $3.5850, with a volume of 3012055 shares changing hands. The stock had previously closed at $3.56.

Specifically, insider Chin Yin Ong sold 38,000 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.62, for a total value of $137,560.00. Following the completion of the sale, the insider owned 2,116,051 shares in the company, valued at approximately $7,660,104.62. The trade was a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GRAB shares. Benchmark restated a "buy" rating on shares of Grab in a report on Thursday, February 12th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and set a $6.20 price target on the stock in a report on Friday, January 16th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Grab in a report on Thursday, January 22nd. Wall Street Zen raised shares of Grab from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.47.

View Our Latest Research Report on Grab

Grab Stock Down 0.7%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The stock has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $4.93. The firm has a market capitalization of $14.49 billion, a P/E ratio of 117.94, a P/E/G ratio of 0.86 and a beta of 0.99.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. Research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Grab

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab in the 4th quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after acquiring an additional 4,601 shares in the last quarter. Signaturefd LLC lifted its holdings in Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company's stock worth $32,000 after acquiring an additional 2,543 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Grab during the 4th quarter worth approximately $35,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Grab by 128.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock worth $38,000 after purchasing an additional 4,225 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Company Profile

(Get Free Report)

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing "super app" across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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