Philipp Wolfgang Josef Kandal Sells 30,000 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $106,200.00. Following the completion of the sale, the insider directly owned 4,095,430 shares of the company’s stock, valued at $14,497,822.20. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The stock was sold at an average price of $4.00, for a total value of $80,000.00.
• On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total value of $117,600.00.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.51 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1 year low of $3.39 and a 1 year high of $6.62. The business has a fifty day simple moving average of $3.75 and a 200 day simple moving average of $4.46. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 351.35, a P/E/G ratio of 1.59 and a beta of 0.93.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grab

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab in the 4th quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new stake in shares of Grab in the 1st quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC grew its stake in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in shares of Grab in the 4th quarter valued at approximately $35,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GRAB. Mizuho cut their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Benchmark restated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Morgan Stanley set a $5.90 price target on Grab in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Grab has a consensus rating of “Moderate Buy” and an average target price of $6.19.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.