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

Key Points

• Grab insider Philipp Wolfgang Josef Kandal sold 30,000 shares at an average price of $3.00, generating $90,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 3,928,735 shares.
• Grab shares fell 2.4% to $2.87, near the company’s 52-week low of $2.74. The stock has a market capitalization of approximately $11.76 billion.
• Despite mixed analyst views, Grab has an overall “Buy” consensus rating and an average price target of $6.01. The company recently exceeded quarterly earnings and revenue expectations.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $3.00, for a total value of $90,000.00. Following the completion of the transaction, the insider directly owned 3,928,735 shares of the company's stock, valued at $11,786,205. This represents a 0.76% decrease in their position. The sale was disclosed in a filing with the SEC, 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, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.08, for a total value of $92,400.00.
• 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 Stock Down 2.4%

Shares of NASDAQ GRAB traded down $0.07 during mid-day trading on Monday, hitting $2.87. 39,232,547 shares of the stock traded hands, compared to its average volume of 77,569,304. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 0.52 and a beta of 0.91. The stock has a fifty day moving average price of $3.25 and a 200-day moving average price of $3.50. Grab Holdings Limited has a 52 week low of $2.74 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Research analysts anticipate that Grab Holdings Limited will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abel Hall LLC purchased a new position in Grab during the third quarter valued at $45,000. Vanguard Capital Wealth Advisors grew its stake in shares of Grab by 56.1% in the third quarter. Vanguard Capital Wealth Advisors now owns 59,202 shares of the company's stock worth $184,000 after acquiring an additional 21,282 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Grab by 18.5% in the third quarter. AdvisorNet Financial Inc now owns 120,849 shares of the company's stock worth $352,000 after acquiring an additional 18,865 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in shares of Grab in the third quarter worth $50,000. Finally, Fermata Advisors LLC purchased a new stake in shares of Grab in the third quarter worth $31,000. Institutional investors own 55.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRAB. 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 raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 6th. KeyCorp set a $7.00 price target on shares of Grab in a research report on Wednesday, September 16th. Bank of America reissued a "buy" rating on shares of Grab in a research note on Friday, September 25th. Finally, Barclays set a $4.00 price objective on shares of Grab in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.

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