Insider Selling: STUB (NYSE:STUB) Insider Sells 24,554 Shares of Stock

Key Points

• Nayaab Islam sold 24,554 STUB shares at an average price of $6.69, generating $164,266.26. The sale reduced the insider’s position by 0.31%, though Islam still owns 8,011,292 shares.
• The transaction follows several other insider sales, including 110,409 shares sold on September 3 and 85,973 shares sold on August 26, indicating continued selling activity.
• STUB shares traded at $6.61, near their $5.74 52-week low and well below the $27.89 high. Analysts have a consensus “Hold” rating with an average price target of $10.83.

STUB (NYSE:STUB - Get Free Report) insider Nayaab Islam sold 24,554 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $6.69, for a total transaction of $164,266.26. Following the completion of the sale, the insider owned 8,011,292 shares in the company, valued at $53,595,543.48. This represents a 0.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Nayaab Islam also recently made the following trade(s):

• On Thursday, September 3rd, Nayaab Islam sold 110,409 shares of STUB stock. The stock was sold at an average price of $6.66, for a total transaction of $735,323.94.
• On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The shares were sold at an average price of $6.86, for a total transaction of $589,774.78.
• On Tuesday, August 25th, Nayaab Islam sold 219,736 shares of STUB stock. The shares were sold at an average price of $6.78, for a total transaction of $1,489,810.08.
• On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The stock was sold at an average price of $14.01, for a total transaction of $39,228.00.
• On Monday, July 6th, Nayaab Islam sold 54,801 shares of STUB stock. The shares were sold at an average price of $13.03, for a total value of $714,057.03.
• On Wednesday, July 1st, Nayaab Islam sold 2,099 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $27,287.00.
• On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The shares were sold at an average price of $13.03, for a total value of $330,962.00.
• On Monday, June 29th, Nayaab Islam sold 1,300 shares of STUB stock. The shares were sold at an average price of $13.00, for a total value of $16,900.00.
• On Friday, June 26th, Nayaab Islam sold 25,080 shares of STUB stock. The shares were sold at an average price of $12.05, for a total value of $302,214.00.
• On Monday, June 15th, Nayaab Islam sold 16,720 shares of STUB stock. The stock was sold at an average price of $11.37, for a total value of $190,106.40.

STUB Stock Performance

Shares of STUB stock traded up $0.08 on Friday, reaching $6.61. 6,018,997 shares of the company traded hands, compared to its average volume of 5,472,047. The company has a 50 day moving average of $9.09 and a 200 day moving average of $8.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.04 and a quick ratio of 1.04. STUB has a 52 week low of $5.74 and a 52 week high of $27.89. The firm has a market capitalization of $2.53 billion and a PE ratio of -1.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in STUB by 194.4% in the 1st quarter. Royal Bank of Canada now owns 6,382 shares of the company's stock worth $39,000 after purchasing an additional 4,214 shares in the last quarter. Ardmore Road Asset Management LP increased its holdings in STUB by 25.0% in the fourth quarter. Ardmore Road Asset Management LP now owns 25,000 shares of the company's stock valued at $338,000 after buying an additional 5,000 shares in the last quarter. Pittenger & Anderson Inc. purchased a new position in shares of STUB in the 1st quarter valued at about $34,000. Cornerstone Wealth Management LLC raised its holdings in STUB by 20.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 36,440 shares of the company's stock worth $493,000 after purchasing an additional 6,070 shares during the period. Finally, Garner Asset Management Corp purchased a new position in STUB during the fourth quarter worth approximately $92,000.

Analyst Upgrades and Downgrades

STUB has been the topic of a number of recent analyst reports. Bank of America reissued an "underperform" rating and issued a $7.50 price target (down from $11.00) on shares of STUB in a report on Thursday, August 13th. Oppenheimer decreased their target price on shares of STUB from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, August 13th. Weiss Ratings upgraded shares of STUB from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of STUB from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Mizuho set a $11.00 price target on shares of STUB in a research report on Friday, August 14th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.83.

STUB Company Profile

Stubhub Holdings Inc, through its subsidiaries, provides an online marketplace to buy and sell tickets for sports, concerts, theater, festivals and other live events. Stubhub Holdings Inc is based in NEW YORK.

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