Nayaab Islam Sells 110,409 Shares of STUB (NYSE:STUB) Stock

by · The Cerbat Gem

STUB (NYSE:STUB – Get Free Report) insider Nayaab Islam sold 110,409 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $6.66, for a total value of $735,323.94. Following the sale, the insider owned 8,035,846 shares of the company’s stock, valued at $53,518,734.36. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Friday, September 4th, Nayaab Islam sold 24,554 shares of STUB stock. The stock was sold at an average price of $6.69, for a total value of $164,266.26.
  • On Wednesday, August 26th, Nayaab Islam sold 85,973 shares of STUB stock. The stock was 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 value of $1,489,810.08.
  • On Tuesday, July 7th, Nayaab Islam sold 2,800 shares of STUB stock. The shares were sold at an average price of $14.01, for a total value 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 transaction 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 transaction of $27,287.00.
  • On Tuesday, June 30th, Nayaab Islam sold 25,400 shares of STUB stock. The stock was sold at an average price of $13.03, for a total transaction 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 transaction 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

NYSE:STUB traded up $0.08 during mid-day trading on Friday, hitting $6.61. 6,018,997 shares of the company’s stock traded hands, compared to its average volume of 5,472,047. The firm has a 50 day moving average of $9.09 and a two-hundred day moving average of $8.70. STUB has a 12 month low of $5.74 and a 12 month high of $27.89. The firm has a market capitalization of $2.53 billion and a price-to-earnings ratio of -1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore set a $14.00 price objective on STUB in a research report on Thursday, August 13th. BMO Capital Markets lowered shares of STUB from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 19th. 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 price target on shares of STUB from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of STUB from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.83.

Get Our Latest Analysis on STUB

STUB Company Profile

(Get Free Report)

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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