PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Mukul Kumar sold 7,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $16.51, for a total value of $115,570.00. Following the transaction, the insider now directly owns 52,005 shares in the company, valued at $858,602.55. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Mukul Kumar also recently made the following trade(s):
- On Thursday, January 2nd, Mukul Kumar sold 4,480 shares of PubMatic stock. The shares were sold at an average price of $14.84, for a total value of $66,483.20.
- On Monday, December 16th, Mukul Kumar sold 7,000 shares of PubMatic stock. The stock was sold at an average price of $16.52, for a total value of $115,640.00.
- On Monday, December 2nd, Mukul Kumar sold 7,000 shares of PubMatic stock. The stock was sold at an average price of $16.54, for a total value of $115,780.00.
PubMatic Trading Down 0.6 %
NASDAQ:PUBM traded down $0.10 during mid-day trading on Friday, hitting $15.70. 237,008 shares of the company's stock traded hands, compared to its average volume of 284,180. The firm has a 50 day moving average of $15.38 and a two-hundred day moving average of $15.48. PubMatic, Inc. has a 12 month low of $13.18 and a 12 month high of $25.36. The firm has a market capitalization of $749.99 million, a price-to-earnings ratio of 50.65 and a beta of 1.41.
Institutional Trading of PubMatic
Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in PubMatic during the 4th quarter valued at approximately $27,000. New York State Teachers Retirement System bought a new stake in PubMatic during the 3rd quarter valued at approximately $51,000. FMR LLC boosted its stake 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 purchasing an additional 2,709 shares during the period. International Assets Investment Management LLC lifted its position in shares of PubMatic by 1,387.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,205 shares of the company's stock worth $77,000 after acquiring an additional 4,855 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after acquiring an additional 2,240 shares during the period. Institutional investors own 64.26% of the company's stock.
Analyst Upgrades and Downgrades
PUBM has been the topic of several research reports. Evercore ISI upped their target price on PubMatic from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Royal Bank of Canada dropped their target price on PubMatic from $21.00 to $19.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Macquarie reiterated a "neutral" rating and set a $19.00 price target on shares of PubMatic in a research note on Thursday, November 14th. Finally, Scotiabank started coverage on PubMatic in a research note on Thursday, December 5th. They set a "sector perform" rating and a $17.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.00.
Read Our Latest Stock Analysis on PubMatic
About PubMatic
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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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