Grab (NASDAQ:GRAB) Insider Philipp Wolfgang Josef Kandal Sells 30,000 Shares of Stock

Key Points

• Grab insider Philipp Wolfgang Josef Kandal sold 30,000 shares at an average price of $3.08, generating $92,400. The sale reduced his holdings by 0.75% to 3,958,735 shares and was conducted under a Rule 10b5-1 trading plan.
• Grab shares fell to $2.81, matching their 12-month low, versus a 12-month high of $6.62. The stock’s average analyst target is $6.11, with an overall “Moderate Buy” rating.
• The company recently exceeded quarterly expectations, reporting $0.06 in earnings per share and $997 million in revenue, slightly above analyst estimates. Institutional investors and hedge funds own 55.52% of Grab’s shares.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $3.08, for a total value of $92,400.00. Following the completion of the sale, the insider directly owned 3,958,735 shares in the company, valued at $12,192,903.80. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Friday, August 14th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.64, for a total value of $109,200.00.

Grab Price Performance

Shares of NASDAQ:GRAB traded down $0.06 during midday trading on Thursday, hitting $2.81. 56,797,453 shares of the stock were exchanged, compared to its average volume of 46,546,744. The stock has a market cap of $11.51 billion, a P/E ratio of 46.84, a PEG ratio of 0.75 and a beta of 0.89. 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 $2.81 and a twelve month high of $6.62. The company has a 50 day moving average price of $3.48 and a 200-day moving average price of $3.62.

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

Wall Street Analyst Weigh In

GRAB has been the topic of several recent research reports. Benchmark reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, August 4th. KeyCorp set a $7.00 price objective on Grab in a research report on Wednesday. Zacks Research raised Grab from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Weiss Ratings cut Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $6.25 target price on shares of Grab in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $6.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab during the 4th quarter worth about $25,000. Montag A & Associates Inc. purchased a new stake in shares of Grab during the first quarter worth about $27,000. Strategic Global Advisors LLC acquired a new position in shares of Grab in the second quarter valued at approximately $41,000. NewEdge Wealth LLC acquired a new position in shares of Grab in the first quarter valued at approximately $42,000. Finally, 71 West Capital Partners purchased a new position in shares of Grab during the second quarter valued at approximately $43,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.