Grubhub Inc. (GRUB): Matthew M. Maloney , CEO and President of Grubhub Inc. sold 11,193 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $28.00 per share for a total value of $313,413.56 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $28.33 per share price.On Jun 2, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 3,100 shares at $25.00 per share price.Also, On Jun 2, 2016, Matthew M. Maloney (CEO and President) sold 11,193 shares at $25.10 per share price.On May 31, 2016, Benjamin C. Spero (director) sold 500,000 shares at $24.54 per share price.
Shares of GrubHub Inc (GRUB) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.84 points or -2.91% at $27.99 with 9,38,523 shares getting traded. Post opening the session at $28.44, the shares hit an intraday low of $27.79 and an intraday high of $28.5 and the price vacillated in this range throughout the day. The company has a market cap of $2,371 M and the number of outstanding shares has been calculated to be 8,47,17,401 shares. The 52-week high of GrubHub Inc is $38.19 and the 52-week low is $17.77.
Company has been under the radar of several Street Analysts.GrubHub Inc is Upgraded by Monness Crespi & Hardt to Buy and the brokerage firm has set the Price Target at $33. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 6, 2016.GrubHub Inc is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $33. The Rating was issued on Jun 3, 2016.GrubHub Inc is Downgraded by Morgan Stanley to Equal-Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 4, 2016.GrubHub Inc is Reiterated by Canaccord Genuity to Buy while Lowering the Price Target of the company shares to $ 34 from a previous price target of $35 . The Rating was issued on May 4, 2016.GrubHub Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 .The Rating was issued on May 3, 2016.
GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30000 local restaurants with diners in more than 800 cities across the United States. The Companys target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition the Company enables re-ordering by storing previous orders preferences and payment information. The Companys products include GrubHub and seamless Websites GrubHub and seamless mobile applications and mobile Website seamless corporate program allmenus and menupages orderhub and boost restaurant Websites and delivery.