Grubhub Inc. (GRUB) Files Form 4 Insider Selling : Matthew M. Maloney Sells 11,193 Shares

Grubhub Inc. (GRUB): Matthew M. Maloney , CEO and President of Grubhub Inc. sold 11,193 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $25.10 per share for a total value of $281,077.69 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Benjamin C. Spero (director) sold 500,000 shares at $24.54 per share price.On May 17, 2016, Matthew M. Maloney (CEO and President) sold 148,953 shares at $25.22 per share price.Also, On May 13, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 6,609 shares at $25.02 per share price.On May 13, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $25.06 per share price.

GrubHub Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in GrubHub Inc which led to swings in the share price. The shares opened for trading at $25.58 and hit $27.17 on the upside , eventually ending the session at $26.22, with a gain of 2.46% or 0.63 points. The heightened volatility saw the trading volume jump to 28,01,506 shares. The 52-week high of the share price is $40.99 and the company has a market cap of $2,221 M . The 52-week low of the share price is at $17.77.

GrubHub Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.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 Initiated by Pacific Crest to Sector Weight. The Rating was issued on Apr 8, 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 Company’s 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 Company’s 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.

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GrubHub Inc - Is it time to Sell?

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