Alberto Horihuela, who serves as the Chief Operating Officer at FuboTV Inc. (NASDAQ:FUBO), has completely liquidated his direct equity position in the company. On June 11, 2026, Horihuela sold 141,074 shares of FuboTV's Class A Common Stock. The transaction generated a total net value of $1,464,291 for the executive. The shares were disposed of at prices ranging between $10.11 and $10.63 per share, resulting in a weighted average sale price of $10.3796. Following the completion of this transaction, Mr. Horihuela holds no shares directly in FuboTV.
This insider divestment occurs while FuboTV stock is trading at $9.83, a level notably below the price at which the COO executed his sales. The stock has experienced a severe contraction over the last year, down 76% from its previous levels. Market data indicates that FuboTV shares are currently trading 83% below their 52-week high of $56.64. Despite this sharp decline, an InvestingPro analysis suggests the stock remains undervalued relative to its calculated Fair Value, positioning it among opportunities on the Most Undervalued list. The analysis also highlights significant price volatility, noting the wide gap between current trading levels and recent peaks.
Horihuela's sale follows a prior acquisition of equity through the exercise of employee stock options. Before the divestment, he acquired 10,756 shares of Class A Common Stock by exercising fully vested and exercisable options. These options carried an exercise price of $5.88 per share, totaling $63,245. All reported share amounts and associated prices have been adjusted to reflect a 1-for-12 reverse stock split that FuboTV effected on March 23, 2026.
Corporate developments surrounding the sale include FuboTV reporting its strongest quarter to date in Q2 FY2026. The company achieved record revenue and a significant improvement in adjusted EBITDA. This financial performance follows the company's merger with Hulu + Live TV. Despite these operational achievements, FuboTV experienced a decline in subscriber numbers and recorded a net loss for the quarter. Additionally, the company announced a distribution agreement with NBCUniversal. This deal allows FuboTV customers to stream NBCUniversal's Spanish-language networks, Telemundo and Universo, starting immediately. NBCUniversal's English-language networks, including NBC Sports Network and regional sports networks, will become available in the coming weeks.
Market analysts at Citizens have reiterated a Market Outperform rating for FuboTV, setting a price target of $15.00. The firm cites synergies from the Disney deal that could drive subscriber and revenue growth. Citizens believes the combination of fuboTV and Hulu + Live TV positions the company as the sixth-largest pay TV provider. Recent trading data shows the stock closed at $9.83, down $0.640 or 6.11%. After-hours trading saw the stock at $9.80, down $0.024 or 0.24%.