PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Paulina Klimenko sold 627 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.90, for a total value of $12,477.30. Following the completion of the transaction, the insider now directly owns 3,554 shares in the company, valued at approximately $70,724.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Paulina Klimenko also recently made the following trade(s):
- On Monday, April 8th, Paulina Klimenko sold 5,653 shares of PubMatic stock. The shares were sold at an average price of $23.70, for a total value of $133,976.10.
PubMatic Stock Performance
Shares of PUBM opened at $20.44 on Wednesday. PubMatic, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $25.36. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 97.34 and a beta of 1.44. The firm has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $19.89.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The business had revenue of $66.70 million during the quarter, compared to the consensus estimate of $62.19 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The business's quarterly revenue was up 20.4% compared to the same quarter last year. Equities research analysts forecast that PubMatic, Inc. will post 0.24 EPS for the current year.
Analyst Upgrades and Downgrades
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PUBM has been the topic of several research reports. Royal Bank of Canada raised their price objective on PubMatic from $26.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, May 8th. B. Riley initiated coverage on PubMatic in a report on Friday, April 19th. They set a "buy" rating and a $27.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, PubMatic has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.
View Our Latest Stock Analysis on PUBM
Institutional Investors Weigh In On PubMatic
Several hedge funds have recently made changes to their positions in PUBM. Wellington Management Group LLP acquired a new stake in PubMatic in the third quarter valued at about $3,701,000. Public Employees Retirement System of Ohio purchased a new position in shares of PubMatic during the 3rd quarter worth approximately $142,000. Arizona State Retirement System lifted its holdings in shares of 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 period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of PubMatic by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 436,130 shares of the company's stock valued at $7,113,000 after buying an additional 35,286 shares in the last quarter. Finally, Strs Ohio grew its holdings in PubMatic by 7.7% during the fourth quarter. Strs Ohio now owns 33,700 shares of the company's stock worth $549,000 after acquiring an additional 2,400 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.
PubMatic Company Profile
(
Get Free Report)
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.
Further Reading
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