Grubhub Inc. (GRUB) Files Form 4 Insider Selling : Matthew M. Maloney Sells 14,491 Shares

Grubhub Inc. (GRUB): Matthew M. Maloney , CEO and President of Grubhub Inc. sold 14,491 shares on Jul 18, 2016. The Insider selling transaction was reported by the company on Jul 20, 2016 to the Securities and Exchange Commission. The shares were sold at $29.99 per share for a total value of $434,272.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 15, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 5,271 shares at $29.88 per share price.On Jul 14, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $31.04 per share price.Also, On Jul 7, 2016, Matthew M. Maloney (CEO and President) sold 14,491 shares at $30.23 per share price.On May 31, 2016, Benjamin C. Spero (director) sold 500,000 shares at $24.54 per share price.

GrubHub Inc: On Monday, Jul 18, 2016 heightened volatility was witnessed in GrubHub Inc which led to swings in the share price. The shares opened for trading at $29.91 and hit $30.79 on the upside , eventually ending the session at $30.67, with a gain of 2.92% or 0.87 points. The heightened volatility saw the trading volume jump to 21,46,779 shares. The 52-week high of the share price is $36.31 and the company has a market cap of $2,598 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 Wedbush to Outperform and the brokerage firm has set the Price Target at $40. The Rating was issued on Jul 8, 2016.GrubHub Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $28 .The Rating was issued on Jun 22, 2016.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 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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