Grab (NASDAQ:GRAB) CFO Peter Henry Oey Sells 50,000 Shares

Key Points

• Grab CFO Peter Henry Oey sold 50,000 shares at an average price of $2.90, generating $145,000 under a pre-arranged Rule 10b5-1 trading plan. He retains approximately 6.8 million shares, and the sale reduced his stake by 0.73%.
• Grab shares fell 2.1% to $2.81, matching the company’s 12-month low, while trading volume exceeded its average. The stock’s 50-day and 200-day moving averages stood at $3.48 and $3.62, respectively.
• Grab exceeded quarterly expectations with adjusted EPS of $0.06 versus the $0.05 consensus and revenue of $997 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $6.11, although ratings range from “Strong Buy” to “Sell.”

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CFO Peter Henry Oey sold 50,000 shares of the business's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $2.90, for a total transaction of $145,000.00. Following the completion of the sale, the chief financial officer directly owned 6,803,470 shares of the company's stock, valued at approximately $19,730,063. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Monday, August 17th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.60, for a total transaction of $180,000.00.

Grab Trading Down 2.1%

Shares of NASDAQ:GRAB traded down $0.06 during trading on Thursday, reaching $2.81. 56,797,453 shares of the company were exchanged, compared to its average volume of 46,546,744. The business's fifty day simple moving average is $3.48 and its 200-day simple moving average is $3.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. Grab Holdings Limited has a 12-month low of $2.81 and a 12-month high of $6.62. The firm has a market capitalization of $11.51 billion, a PE ratio of 46.84, a P/E/G ratio of 0.75 and a beta of 0.89.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, research analysts anticipate that Grab Holdings Limited will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GRAB shares. Benchmark restated a "buy" rating on shares of Grab in a report on Tuesday, August 4th. Weiss Ratings downgraded shares of Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. Zacks Research upgraded shares of Grab from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. KeyCorp set a $7.00 price target on shares of Grab in a research report on Wednesday. Finally, Barclays dropped their price objective on shares of Grab from $7.00 to $5.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.11.

Institutional Investors Weigh In On Grab

A number of institutional investors have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the fourth quarter worth about $25,000. Montag A & Associates Inc. bought a new stake in shares of Grab in the 1st quarter valued at about $27,000. Strategic Global Advisors LLC purchased a new position in shares of Grab in the 2nd quarter worth approximately $41,000. NewEdge Wealth LLC purchased a new position in shares of Grab in the 1st quarter worth approximately $42,000. Finally, 71 West Capital Partners bought a new position in shares of Grab during the 2nd quarter worth approximately $43,000. Institutional investors own 55.52% of the company's stock.

About Grab

Grab Holdings Inc NASDAQ: GRAB is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab's consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.

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