Grubhub Inc. (GRUB): Matthew M. Maloney , CEO and President of Grubhub Inc. sold 14,491 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $40.96 per share for a total value of $593,473.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 14, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $40.97 per share price.On Aug 31, 2016, Matthew M. Maloney (CEO and President) sold 88,577 shares at $39.60 per share price.Also, On Aug 30, 2016, Benjamin C. Spero (director) purchased 3,000 shares at $39.79 per share price.On Aug 30, 2016, Stanley Chia (SVP, Operations) sold 5,838 shares at $38.81 per share price.
GrubHub Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in GrubHub Inc which led to swings in the share price. The shares opened for trading at $40.69 and hit $41.6 on the upside , eventually ending the session at $41.39, with a gain of 1.30% or 0.53 points. The heightened volatility saw the trading volume jump to 1,310,195 shares. The 52-week high of the share price is $42.965 and the company has a market cap of $3,527 M . The 52-week low of the share price is at $17.77.
Company has been under the radar of several Street Analysts.GrubHub Inc is Initiated by Jefferies to Hold. The Rating was issued on Aug 16, 2016.GrubHub Inc is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 29, 2016.GrubHub Inc is Downgraded by Monness Crespi & Hardt to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 29, 2016.GrubHub Inc is Downgraded by Maxim Group to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jul 29, 2016.GrubHub Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 45 from a previous price target of $32 .The Rating was issued on Jul 29, 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.