Insider Selling: STUB (NYSE:STUB) Insider Sells $866,413.71 in Stock

Key Points

• STUB insider Mark Streams sold 135,589 shares at an average price of $6.39, generating $866,413.71. The sale reduced his direct stake by 9.96% to 1,225,976 shares.
• Streams has made multiple additional sales since late August, including 150,000 shares sold for approximately $1.01 million on August 24.
• STUB shares recently traded at $6.61, near their 12-month low of $5.74. Analysts’ consensus rating is Hold, with an average price target of $10.83.

STUB (NYSE:STUB - Get Free Report) insider Mark Streams sold 135,589 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $6.39, for a total transaction of $866,413.71. Following the completion of the sale, the insider directly owned 1,225,976 shares in the company, valued at approximately $7,833,986.64. This trade represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 2nd, Mark Streams sold 29,951 shares of STUB stock. The shares were sold at an average price of $6.23, for a total transaction of $186,594.73.
• On Wednesday, August 26th, Mark Streams sold 2,530 shares of STUB stock. The stock was sold at an average price of $6.88, for a total transaction of $17,406.40.
• 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 value of $1,014,000.00.
• On Friday, August 21st, Mark Streams sold 6,500 shares of STUB stock. The shares were sold at an average price of $6.93, for a total value of $45,045.00.
• 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 stock was 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 shares were sold at an average price of $13.00, for a total value of $3,900.00.

STUB Trading Up 1.2%

Shares of STUB stock traded up $0.08 during midday trading on Friday, reaching $6.61. 6,018,997 shares of the company's stock traded hands, compared to its average volume of 5,472,047. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $2.53 billion and a PE ratio of -1.15. The stock has a 50 day moving average of $9.09 and a 200-day moving average of $8.70. STUB has a 12 month low of $5.74 and a 12 month high of $27.89.

Analyst Ratings Changes

Several equities research analysts have recently commented on STUB shares. JPMorgan Chase & Co. raised their target price on shares of STUB from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. BMO Capital Markets downgraded shares of STUB from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 19th. Oppenheimer lowered their price objective on shares of STUB from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, August 13th. Morgan Stanley lifted their price objective on STUB from $8.75 to $10.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 10th. Finally, Sanford C. Bernstein raised STUB to an "outperform" rating in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STUB. WestCap Management LLC purchased a new position in STUB during the fourth quarter valued at $429,370,000. Capital Research Global Investors bought a new position in shares of STUB in the fourth quarter worth about $106,887,000. Index Venture Associates III Ltd bought a new position in shares of STUB in the fourth quarter worth about $85,192,000. PointState Capital LP lifted its position in shares of STUB by 19.9% during the 4th quarter. PointState Capital LP now owns 24,823,335 shares of the company's stock valued at $335,860,000 after buying an additional 4,117,332 shares in the last quarter. Finally, Capital International Investors purchased a new position in shares of STUB during the 4th quarter valued at about $55,235,000.

About STUB

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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