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

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $105,900.00. Following the completion of the sale, the insider owned 4,065,430 shares in the company, valued at $14,350,967.90. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Friday, May 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total value of $106,200.00.
• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were 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 shares were sold at an average price of $3.92, for a total transaction of $117,600.00.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.45 on Thursday. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The firm’s 50-day simple moving average is $3.65 and its 200 day simple moving average is $4.17. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $14.14 billion, a P/E ratio of 345.35, a P/E/G ratio of 1.58 and a beta of 0.89.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GRAB shares. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Mizuho cut their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Morgan Stanley set a $5.90 price target on shares of Grab in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Grab has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab in the fourth quarter valued at $25,000. Parallel Advisors LLC raised its holdings in Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the period. Advisory Services Network LLC acquired a new stake in Grab during the 3rd quarter worth about $38,000. Signaturefd LLC raised its holdings in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after buying an additional 2,543 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after buying an additional 6,500 shares during the period. Institutional investors own 55.52% of the company’s stock.

About Grab

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.