PubMatic, Inc. (NASDAQ:PUBM) CFO Sells $56,120.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $14.03, for a total transaction of $56,120.00. Following the transaction, the chief financial officer now owns 22,506 shares in the company, valued at approximately $315,759.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Steven Pantelick also recently made the following trade(s):

• On Wednesday, July 3rd, Steven Pantelick sold 7,846 shares of PubMatic stock. The stock was sold at an average price of $20.64, for a total transaction of $161,941.44.
• On Monday, July 1st, Steven Pantelick sold 1,225 shares of PubMatic stock. The shares were sold at an average price of $19.90, for a total transaction of $24,377.50.

PubMatic Price Performance

PUBM traded up $0.19 during trading on Thursday, reaching $13.85. The company had a trading volume of 839,934 shares, compared to its average volume of 487,257. The business's fifty day moving average price is $20.19 and its 200 day moving average price is $20.79. The company has a market cap of $691.53 million, a P/E ratio of 65.05 and a beta of 1.44. PubMatic, Inc. has a 12 month low of $10.92 and a 12 month high of $25.36.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The business had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. During the same period in the previous year, the company earned ($0.11) earnings per share. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that PubMatic, Inc. will post 0.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PUBM shares. Wolfe Research assumed coverage on shares of PubMatic in a research report on Tuesday, July 16th. They set an "outperform" rating and a $25.00 price objective for the company. Raymond James lowered shares of PubMatic from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. Jefferies Financial Group cut their target price on shares of PubMatic from $26.00 to $16.00 and set a "hold" rating for the company in a research note on Friday, August 9th. Macquarie reduced their price target on shares of PubMatic from $24.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Finally, B. Riley dropped their price objective on shares of PubMatic from $31.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.43.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the company. Arizona State Retirement System raised its holdings in PubMatic by 9.0% in the 4th quarter. Arizona State Retirement System now owns 11,924 shares of the company's stock valued at $194,000 after buying an additional 984 shares during the last quarter. Strs Ohio increased its stake in PubMatic by 7.7% during the 4th quarter. Strs Ohio now owns 33,700 shares of the company's stock valued at $549,000 after purchasing an additional 2,400 shares in the last quarter. SVB Wealth LLC bought a new stake in PubMatic during the 4th quarter valued at $163,000. Merit Financial Group LLC boosted its holdings in PubMatic by 9.1% during the 4th quarter. Merit Financial Group LLC now owns 175,896 shares of the company's stock worth $2,869,000 after acquiring an additional 14,703 shares during the last quarter. Finally, Versor Investments LP boosted its holdings in PubMatic by 16.0% during the 4th quarter. Versor Investments LP now owns 22,247 shares of the company's stock worth $363,000 after acquiring an additional 3,073 shares during the last quarter. Institutional investors own 64.26% 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.

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