PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev K. Goel sold 25,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.14, for a total transaction of $228,500.00. Following the completion of the transaction, the chief executive officer now owns 32,304 shares in the company, valued at approximately $295,258.56. The trade was a 43.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
PubMatic Trading Down 1.3 %
PUBM traded down $0.10 during midday trading on Tuesday, hitting $7.78. 121,025 shares of the company traded hands, compared to its average volume of 447,379. The company has a market capitalization of $377.54 million, a price-to-earnings ratio of 25.02 and a beta of 1.50. The business has a 50 day simple moving average of $12.30 and a two-hundred day simple moving average of $14.22. PubMatic, Inc. has a 52-week low of $7.46 and a 52-week high of $25.36.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $88.24 million. Equities research analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current year.
Wall Street Analyst Weigh In
PUBM has been the subject of a number of research reports. JMP Securities reiterated a "market outperform" rating and issued a $20.00 price target on shares of PubMatic in a report on Monday, January 27th. Scotiabank cut their price target on PubMatic from $17.00 to $15.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, Lake Street Capital decreased their price objective on PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.89.
Check Out Our Latest Research Report on PubMatic
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUBM. Intech Investment Management LLC acquired a new stake in shares of PubMatic in the third quarter valued at about $170,000. Charles Schwab Investment Management Inc. lifted its stake in PubMatic by 122.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company's stock worth $6,466,000 after purchasing an additional 239,406 shares in the last quarter. FMR LLC boosted its holdings in shares of PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company's stock worth $60,000 after purchasing an additional 2,709 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $187,000 after purchasing an additional 3,461 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of PubMatic by 17.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 676,464 shares of the company's stock valued at $10,059,000 after purchasing an additional 100,479 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.
About PubMatic
(
Get Free Report)
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.
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