PubMatic, Inc. (NASDAQ:PUBM) General Counsel Sells $52,370.36 in Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 3,529 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total value of $52,370.36. Following the transaction, the general counsel now owns 34,702 shares in the company, valued at approximately $514,977.68. This represents a 9.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Price Performance

PUBM traded up $0.50 during trading on Friday, hitting $15.33. The company had a trading volume of 271,500 shares, compared to its average volume of 268,150. The company has a market cap of $732.27 million, a PE ratio of 49.45 and a beta of 1.40. PubMatic, Inc. has a 1-year low of $13.18 and a 1-year high of $25.36. The business has a 50-day moving average of $15.68 and a 200-day moving average of $16.67.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank started coverage on PubMatic in a report on Thursday, December 5th. They set a "sector perform" rating and a $17.00 target price on the stock. Macquarie reissued a "neutral" rating and set a $19.00 target price on shares of PubMatic in a research report on Thursday, November 14th. Evercore ISI upped their target price on shares of PubMatic from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada dropped their price target on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.63.

Institutional Investors Weigh In On PubMatic

A number of institutional investors have recently modified their holdings of PUBM. JPMorgan Chase & Co. increased its holdings in PubMatic by 239.3% in the third quarter. JPMorgan Chase & Co. now owns 62,349 shares of the company's stock valued at $927,000 after buying an additional 43,971 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of PubMatic in the 3rd quarter worth approximately $941,000. Virtu Financial LLC bought a new stake in shares of PubMatic in the 3rd quarter valued at approximately $240,000. Geode Capital Management LLC raised its position in shares of PubMatic by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 961,155 shares of the company's stock valued at $14,295,000 after acquiring an additional 7,225 shares in the last quarter. Finally, Barclays PLC lifted its stake in PubMatic by 93.1% during the third quarter. Barclays PLC now owns 129,196 shares of the company's stock worth $1,921,000 after purchasing an additional 62,284 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Company 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.