Steven Pantelick Sells 12,061 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 12,061 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.31, for a total transaction of $112,287.91. Following the sale, the chief financial officer now owns 41,410 shares in the company, valued at approximately $385,527.10. The trade was a 22.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, February 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.14, for a total value of $60,560.00.

PubMatic Stock Performance

Shares of PUBM traded down $0.10 during mid-day trading on Tuesday, hitting $7.78. 121,025 shares of the stock were exchanged, compared to its average volume of 447,379. The company has a market cap of $377.54 million, a PE ratio of 25.02 and a beta of 1.50. PubMatic, Inc. has a 52-week low of $7.46 and a 52-week high of $25.36. The firm has a 50-day moving average of $12.30 and a two-hundred day moving average of $14.22.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results 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). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The business had revenue of $85.50 million for the quarter, compared to analysts' expectations of $88.24 million. On average, sell-side analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On PubMatic

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in PubMatic by 23,208.3% during the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after purchasing an additional 2,785 shares during the period. Wellington Management Group LLP boosted its stake in PubMatic by 19.4% during the fourth quarter. Wellington Management Group LLP now owns 897,970 shares of the company's stock worth $13,191,000 after buying an additional 145,641 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PubMatic by 17.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 94,246 shares of the company's stock valued at $1,384,000 after acquiring an additional 13,926 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PubMatic in the fourth quarter valued at $57,000. Finally, ProShare Advisors LLC bought a new stake in shares of PubMatic in the 4th quarter worth about $173,000. 64.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PUBM shares. 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. JMP Securities reissued a "market outperform" rating and set a $20.00 price target on shares of PubMatic in a report on Monday, January 27th. Scotiabank dropped their price objective on PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Finally, Lake Street Capital decreased their target price on PubMatic from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Four investment 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 presently has an average rating of "Moderate Buy" and an average price target of $19.89.

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.