Insider Selling: STUB (NYSE:STUB) Insider Sells $45,045.00 in Stock

Key Points

• STUB insider Mark Streams sold 6,500 shares at an average price of $6.93, generating $45,045 and reducing his holdings by 0.42% to 1,554,222 shares. He has made several additional sales recently, including 150,000 shares for about $1.01 million on August 24.
• STUB shares rose 2.3% to $6.83, but remain well below the 52-week high of $27.89; the company has a $2.61 billion market capitalization and a negative P/E ratio of -1.19.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $10.83. Recent actions included downgrades from Wall Street Zen and BMO Capital Markets, while Bank of America maintained an “Underperform” rating with a $7.50 target.

STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 6,500 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $6.93, for a total transaction of $45,045.00. Following the completion of the transaction, the insider directly owned 1,554,222 shares of the company's stock, valued at approximately $10,770,758.46. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mark Streams also recently made the following trade(s):

• On Tuesday, August 25th, Mark Streams sold 10,176 shares of STUB stock. The stock was sold at an average price of $6.84, for a total transaction of $69,603.84.
• On Monday, August 24th, Mark Streams sold 150,000 shares of STUB stock. The stock was sold at an average price of $6.76, for a total transaction of $1,014,000.00.
• On Tuesday, July 7th, Mark Streams sold 400 shares of STUB stock. The shares were sold at an average price of $14.01, for a total value of $5,604.00.
• On Monday, July 6th, Mark Streams sold 28,531 shares of STUB stock. The shares were sold at an average price of $13.02, for a total value of $371,473.62.
• On Wednesday, July 1st, Mark Streams sold 3,002 shares of STUB stock. The shares were sold at an average price of $13.00, for a total value of $39,026.00.
• On Tuesday, June 30th, Mark Streams sold 18,167 shares of STUB stock. The stock was sold at an average price of $13.03, for a total value of $236,716.01.
• On Monday, June 29th, Mark Streams sold 300 shares of STUB stock. The stock was sold at an average price of $13.00, for a total value of $3,900.00.

STUB Stock Up 2.3%

Shares of NYSE STUB traded up $0.15 during trading hours on Tuesday, hitting $6.83. The company had a trading volume of 4,890,780 shares, compared to its average volume of 5,438,293. STUB has a 1-year low of $5.74 and a 1-year high of $27.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $9.90 and its 200-day moving average is $8.90. The stock has a market capitalization of $2.61 billion and a P/E ratio of -1.19.

Institutional Investors Weigh In On STUB

A number of large investors have recently bought and sold shares of the company. WestCap Management LLC acquired a new stake in shares of STUB during the 4th quarter worth approximately $429,370,000. PointState Capital LP raised its position in shares of STUB by 19.9% during the fourth quarter. PointState Capital LP now owns 24,823,335 shares of the company's stock worth $335,860,000 after acquiring an additional 4,117,332 shares during the last quarter. Capital Research Global Investors bought a new stake in STUB during the fourth quarter valued at $106,887,000. Index Venture Associates III Ltd acquired a new stake in shares of STUB during the 4th quarter worth approximately $85,192,000. Finally, Capital International Investors acquired a new stake in shares of STUB in the 4th quarter valued at about $55,235,000.

Wall Street Analysts Forecast Growth

STUB has been the subject of several research analyst reports. Wall Street Zen downgraded STUB from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. BMO Capital Markets cut shares of STUB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 19th. Citigroup restated a "neutral" rating on shares of STUB in a research report on Wednesday, July 15th. Evercore set a $14.00 price objective on STUB in a report on Thursday, August 13th. Finally, Bank of America reiterated an "underperform" rating and set a $7.50 target price (down from $11.00) on shares of STUB in a research note on Thursday, August 13th. 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's stock. Based on data from MarketBeat.com, STUB has a consensus rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source