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

STUB (NYSE:STUB) insider Mark Streams sold 6,500 shares of the stock in a transaction that occurred 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 owned 1,554,222 shares of the company’s stock, valued at $10,770,758.46. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value 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 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 transaction 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 transaction 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 Trading Down 0.4%

STUB stock opened at $6.55 on Friday. The company’s fifty day simple moving average is $9.61 and its 200-day simple moving average is $8.82. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.86. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The stock has a market cap of $2.50 billion and a P/E ratio of -1.14.

Institutional Trading of STUB

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WestCap Management LLC bought a new position in shares of STUB during the 4th quarter worth about $429,370,000. PointState Capital LP lifted its stake in shares of STUB by 19.9% in the fourth 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 during the period. Capital Research Global Investors acquired a new stake in STUB during the fourth quarter worth about $106,887,000. Index Venture Associates III Ltd acquired a new stake in STUB during the fourth quarter worth about $85,192,000. Finally, Capital International Investors bought a new position in STUB during the fourth quarter valued at about $55,235,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of STUB from $8.75 to $10.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 10th. HSBC raised STUB to a “buy” rating in a research report on Tuesday, May 19th. Guggenheim cut their price objective on STUB from $12.50 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Craig Hallum downgraded STUB from a “hold” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, JPMorgan Chase & Co. raised their target price on STUB from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.83.

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.