PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 1,147 shares of PubMatic stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.87, for a total value of $17,055.89. Following the completion of the transaction, the chief financial officer now owns 23,620 shares in the company, valued at $351,229.40. 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 Tuesday, September 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.21, for a total value of $60,840.00.
- On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was sold at an average price of $14.03, for a total transaction of $56,120.00.
PubMatic Stock Performance
Shares of NASDAQ:PUBM opened at $14.43 on Thursday. PubMatic, Inc. has a twelve month low of $10.92 and a twelve month high of $25.36. The business has a fifty day moving average of $16.02 and a 200-day moving average of $19.99. The firm has a market cap of $715.44 million, a PE ratio of 68.72 and a beta of 1.40.
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PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $67.27 million for the quarter, compared to analyst estimates of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts anticipate that PubMatic, Inc. will post 0.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Millennium Management LLC acquired a new stake in PubMatic during the 2nd quarter worth $6,582,000. Acadian Asset Management LLC raised its position in shares of PubMatic by 28,255.4% in the 2nd quarter. Acadian Asset Management LLC now owns 291,493 shares of the company's stock valued at $5,915,000 after acquiring an additional 290,465 shares during the period. Renaissance Technologies LLC raised its holdings in PubMatic by 28.8% in the second quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company's stock worth $24,142,000 after purchasing an additional 265,700 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PubMatic by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company's stock worth $25,366,000 after purchasing an additional 228,190 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of PubMatic by 92.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company's stock valued at $10,440,000 after purchasing an additional 211,520 shares in the last quarter. Institutional investors own 64.26% of the company's stock.
Wall Street Analysts Forecast Growth
PUBM has been the subject of several research reports. B. Riley reduced their target price on shares of PubMatic from $31.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Jefferies Financial Group reduced their price objective on PubMatic from $26.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, August 9th. Macquarie lowered their price objective on PubMatic from $24.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Raymond James cut PubMatic from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada decreased their price target on shares of PubMatic from $26.00 to $23.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.
Read Our Latest Research Report on PUBM
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.
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