Barclays PLC Has $1.92 Million Stake in PubMatic, Inc. (NASDAQ:PUBM)

Barclays PLC lifted its holdings in PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 93.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,196 shares of the company's stock after purchasing an additional 62,284 shares during the quarter. Barclays PLC owned 0.26% of PubMatic worth $1,921,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PUBM. Bank of New York Mellon Corp lifted its position in PubMatic by 8.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,134 shares of the company's stock worth $3,171,000 after buying an additional 11,712 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in PubMatic by 56.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,132 shares of the company's stock valued at $185,000 after purchasing an additional 3,280 shares in the last quarter. Panagora Asset Management Inc. grew its stake in PubMatic by 7.0% in the second quarter. Panagora Asset Management Inc. now owns 227,948 shares of the company's stock valued at $4,630,000 after purchasing an additional 14,907 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of PubMatic by 14.8% during the 2nd quarter. Principal Financial Group Inc. now owns 30,236 shares of the company's stock worth $614,000 after purchasing an additional 3,894 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of PubMatic by 8.2% during the 2nd quarter. Versor Investments LP now owns 22,186 shares of the company's stock worth $451,000 after purchasing an additional 1,677 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PUBM shares. Macquarie restated a "neutral" rating and set a $19.00 target price on shares of PubMatic in a 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 report on Wednesday, November 13th. Finally, Scotiabank started coverage on PubMatic in a report on Thursday, December 5th. They set a "sector perform" rating and a $17.00 price target for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, PubMatic currently has an average rating of "Moderate Buy" and a consensus target price of $21.13.

PubMatic Trading Down 2.1 %

PUBM stock traded down $0.33 during mid-day trading on Friday, hitting $15.10. 254,110 shares of the company were exchanged, compared to its average volume of 452,709. PubMatic, Inc. has a 1-year low of $13.18 and a 1-year high of $25.36. The stock has a market capitalization of $721.28 million, a PE ratio of 48.71 and a beta of 1.40. The business has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $16.85.

Insider Transactions at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 25,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $14.46, for a total transaction of $361,500.00. Following the transaction, the chief executive officer now owns 24,222 shares in the company, valued at $350,250.12. This represents a 50.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Amar K. Goel sold 3,889 shares of the business's stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $14.31, for a total value of $55,651.59. Following the completion of the sale, the chairman now owns 7,935 shares of the company's stock, valued at approximately $113,549.85. This trade represents a 32.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,459 shares of company stock worth $1,751,886. Company insiders own 2.90% of the company's stock.

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.