Insider Selling: Grab (NASDAQ:GRAB) CFO Sells 50,000 Shares of Stock

Key Points

• Grab CFO Peter Henry Oey sold 50,000 shares at an average price of $2.98, worth $149,000, under a pre-arranged Rule 10b5-1 trading plan. He continues to own approximately 6.75 million shares.
• Grab shares fell 2.4% to $2.87 and are trading below both their 50-day and 200-day moving averages, while remaining near the stock’s 12-month low of $2.74.
• The company recently exceeded quarterly earnings and revenue estimates, and analysts maintain a consensus “Buy” rating with an average price target of $6.01.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $2.98, for a total value of $149,000.00. Following the transaction, the chief financial officer owned 6,753,470 shares of the company's stock, valued at approximately $20,125,340.60. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $2.90, for a total value of $145,000.00.
• On Monday, August 17th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.60, for a total value of $180,000.00.

Grab Stock Down 2.4%

Grab stock traded down $0.07 during midday trading on Monday, hitting $2.87. The stock had a trading volume of 39,232,547 shares, compared to its average volume of 77,569,304. The business 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 12 month low of $2.74 and a 12 month high of $6.24. The stock has a market cap of $11.76 billion, a P/E ratio of 47.84, a P/E/G ratio of 0.52 and a beta of 0.91. 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 (NASDAQ:GRAB - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $997.00 million for 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 predict that Grab Holdings Limited will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRAB. Abel Hall LLC bought a new stake in Grab during the third quarter worth approximately $45,000. Vanguard Capital Wealth Advisors increased its holdings 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 valued at $184,000 after buying an additional 21,282 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Grab by 18.5% in the third quarter. AdvisorNet Financial Inc now owns 120,849 shares of the company's stock valued at $352,000 after buying an additional 18,865 shares in the last quarter. HBW Advisory Services LLC bought a new position in shares of Grab in the third quarter valued at $50,000. Finally, Fermata Advisors LLC acquired a new stake in shares of Grab during the 3rd quarter valued at $31,000. 55.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. Barclays set a $4.00 target price on shares of Grab in a report on Monday. Zacks Research raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. Benchmark restated a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. Finally, KeyCorp set a $7.00 price target on shares of Grab in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $6.01.

Grab Company Profile

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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