PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods Sells 4,111 Shares

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 4,111 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total transaction of $38,273.41. Following the completion of the sale, the general counsel now directly owns 39,509 shares of the company's stock, valued at approximately $367,828.79. The trade was a 9.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Stock Down 1.3 %

NASDAQ:PUBM traded down $0.10 during mid-day trading on Tuesday, reaching $7.78. The company's stock had a trading volume of 121,025 shares, compared to its average volume of 447,379. PubMatic, Inc. has a 1 year low of $7.46 and a 1 year high of $25.36. The stock has a fifty day moving average of $12.30 and a 200-day moving average of $14.22. The firm has a market capitalization of $377.54 million, a PE ratio of 25.02 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after acquiring an additional 2,785 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of PubMatic during the 4th quarter valued at $27,000. Cubist Systematic Strategies LLC acquired a new stake in shares of PubMatic in the 4th quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in PubMatic during the 4th quarter valued at about $57,000. Finally, FMR LLC increased its position in PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after buying an additional 2,709 shares in the last quarter. 64.26% of the stock is owned by institutional investors.

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.