Transce3nd LLC Acquires Shares of 38,545 PubMatic, Inc. (NASDAQ:PUBM)

Transce3nd LLC acquired a new stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,545 shares of the company's stock, valued at approximately $567,000. Transce3nd LLC owned about 0.08% of PubMatic at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in PubMatic in the fourth quarter valued at approximately $27,000. FMR LLC lifted its holdings in shares of PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company's stock worth $60,000 after acquiring an additional 2,709 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in PubMatic in the fourth quarter worth $106,000. XTX Topco Ltd purchased a new stake in PubMatic during the fourth quarter valued at about $228,000. Finally, Virtu Financial LLC bought a new stake in PubMatic during the third quarter worth about $240,000. Institutional investors own 64.26% of the company's stock.

Insider Activity

In other news, Chairman Amar K. Goel sold 4,446 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $41,392.26. Following the completion of the sale, the chairman now directly owns 18,401 shares in the company, valued at $171,313.31. This represents a 19.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steven Pantelick sold 4,000 shares of the company'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 sale, the chief financial officer now owns 22,506 shares of the company's stock, valued at approximately $340,740.84. The trade was a 15.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,210 shares of company stock valued at $1,028,124 in the last 90 days. 2.90% of the stock is currently owned by insiders.

PubMatic Stock Performance

Shares of NASDAQ PUBM traded up $0.09 during mid-day trading on Wednesday, hitting $9.65. 407,385 shares of the stock traded hands, compared to its average volume of 463,087. The stock has a fifty day moving average price of $10.30 and a 200-day moving average price of $13.66. The company has a market cap of $468.29 million, a price-to-earnings ratio of 31.13 and a beta of 1.50. PubMatic, Inc. has a 52 week low of $7.46 and a 52 week high of $25.36.

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

Analyst Ratings Changes

A number of research firms recently weighed in on PUBM. Scotiabank dropped their target price on PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Lake Street Capital lowered their price target on shares of PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a report on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price objective on shares of PubMatic in a research note on Monday, January 27th. Finally, Royal Bank of Canada reduced their price target on PubMatic from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.89.

PubMatic 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.