PubMatic, Inc. (NASDAQ:PUBM) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 64.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,863 shares of the company's stock after purchasing an additional 26,324 shares during the quarter. AlphaQuest LLC owned 0.14% of PubMatic worth $982,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of PubMatic during the 4th quarter valued at about $27,000. Principal Financial Group Inc. increased its position in shares of PubMatic by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock valued at $370,000 after buying an additional 2,234 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of PubMatic in the fourth quarter valued at approximately $4,701,000. Leibman Financial Services Inc. raised its stake in shares of PubMatic by 17.0% during the 4th quarter. Leibman Financial Services Inc. now owns 56,690 shares of the company's stock worth $833,000 after buying an additional 8,231 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of PubMatic by 377.4% during the 4th quarter. Nordea Investment Management AB now owns 340,544 shares of the company's stock valued at $5,101,000 after buying an additional 269,217 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Rajeev K. Goel sold 17,793 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total value of $264,048.12. Following the sale, the chief executive officer now directly owns 30,896 shares in the company, valued at approximately $458,496.64. The trade was a 36.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Pantelick sold 10,040 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total transaction of $148,993.60. Following the transaction, the chief financial officer now directly owns 38,285 shares of the company's stock, valued at approximately $568,149.40. This trade represents a 20.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,811 shares of company stock worth $1,554,021. Company insiders own 2.90% of the company's stock.

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PubMatic Stock Performance

Shares of NASDAQ PUBM traded up $0.16 during trading on Wednesday, hitting $9.82. 288,002 shares of the company were exchanged, compared to its average volume of 453,837. The company has a fifty day moving average price of $14.31 and a 200-day moving average price of $14.95. The firm has a market capitalization of $476.54 million, a PE ratio of 31.67 and a beta of 1.48. PubMatic, Inc. has a 12-month low of $9.43 and a 12-month high of $25.36.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.11). PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The firm had revenue of $85.50 million for the quarter, compared to analysts' expectations of $88.24 million. Research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PUBM has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Macquarie reiterated a "neutral" rating and set a $19.00 price objective on shares of PubMatic in a research note on Thursday, November 14th. JMP Securities restated a "market outperform" rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Scotiabank dropped their price target on PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Finally, Evercore ISI raised their price objective on PubMatic from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PubMatic has an average rating of "Moderate Buy" and an average target price of $19.89.

PubMatic Profile

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.