Fox Run Management L.L.C. Invests $401,000 in PubMatic, Inc. (NASDAQ:PUBM)

Fox Run Management L.L.C. acquired a new position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,307 shares of the company's stock, valued at approximately $401,000. Fox Run Management L.L.C. owned 0.06% of PubMatic as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PUBM. SBI Securities Co. Ltd. purchased a new position in shares of PubMatic during the 4th quarter worth about $27,000. Principal Financial Group Inc. boosted its position in shares of PubMatic by 9.7% during 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 during the period. American Century Companies Inc. boosted its position in shares of PubMatic by 0.9% during the fourth quarter. American Century Companies Inc. now owns 271,864 shares of the company's stock valued at $3,994,000 after buying an additional 2,461 shares during the period. FMR LLC grew its stake in shares of PubMatic by 201.6% during the third quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after buying an additional 2,709 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of PubMatic by 37.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,593 shares of the company's stock worth $187,000 after buying an additional 3,461 shares during the period. Institutional investors own 64.26% of the company's stock.

PubMatic Trading Down 6.7 %

Shares of NASDAQ:PUBM traded down $0.67 on Friday, reaching $9.28. The company had a trading volume of 490,404 shares, compared to its average volume of 442,347. The firm has a market capitalization of $450.33 million, a PE ratio of 29.94 and a beta of 1.48. PubMatic, Inc. has a 52-week low of $9.07 and a 52-week high of $25.36. The firm's 50 day simple moving average is $13.04 and its 200-day simple moving average is $14.46.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Scotiabank lowered their target price on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 price target on shares of PubMatic in a research note on Monday, January 27th. Finally, Lake Street Capital lowered their price objective on shares of PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.89.

Insider Activity

In other PubMatic news, Chairman Amar K. Goel sold 4,087 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $60,651.08. Following the sale, the chairman now owns 14,044 shares of the company's stock, valued at approximately $208,412.96. The trade was a 22.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew Woods sold 3,529 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $52,370.36. Following the sale, the general counsel now directly owns 34,702 shares in the company, valued at $514,977.68. This trade represents a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,811 shares of company stock worth $1,438,381. Insiders own 2.90% of the company's stock.

About PubMatic

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.