PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 4,000 Shares

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 4,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.14, for a total value of $60,560.00. Following the completion of the transaction, the chief financial officer now directly owns 22,506 shares in the company, valued at $340,740.84. The trade was a 15.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Steven Pantelick sold 10,040 shares of PubMatic stock. The stock was sold at an average price of $14.84, for a total transaction of $148,993.60.
• On Tuesday, December 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $16.56, for a total transaction of $66,240.00.

PubMatic Stock Performance

Shares of PubMatic stock traded up $0.59 on Friday, hitting $16.43. 301,793 shares of the company traded hands, compared to its average volume of 284,180. PubMatic, Inc. has a 52 week low of $13.18 and a 52 week high of $25.36. The business has a 50-day simple moving average of $15.41 and a 200 day simple moving average of $15.59. The stock has a market capitalization of $784.86 million, a P/E ratio of 53.00 and a beta of 1.41.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank of Canada lowered 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 set a $20.00 price objective on shares of PubMatic in a research report on Monday, January 27th. Evercore ISI increased their target price on shares of PubMatic from $20.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Macquarie reaffirmed a "neutral" rating and set a $19.00 price target on shares of PubMatic in a report on Thursday, November 14th. Finally, Scotiabank started coverage on shares of PubMatic in a research report on Thursday, December 5th. They issued a "sector perform" rating and a $17.00 price target for the company. Four 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Institutional Trading of PubMatic

A number of institutional investors and hedge funds have recently bought and sold shares of PUBM. SBI Securities Co. Ltd. bought a new position in shares of PubMatic during the 4th quarter valued at about $27,000. New York State Teachers Retirement System purchased a new stake in shares of PubMatic in the third quarter worth about $51,000. FMR LLC boosted its stake in PubMatic by 201.6% during the third quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after buying an additional 2,709 shares during the last quarter. International Assets Investment Management LLC grew its holdings in PubMatic by 1,387.1% during the 3rd quarter. International Assets Investment Management LLC now owns 5,205 shares of the company's stock valued at $77,000 after buying an additional 4,855 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in PubMatic in the 3rd quarter worth approximately $161,000. 64.26% of the stock is currently owned by institutional investors.

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.