PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 1,378 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.60, for a total value of $20,118.80. Following the completion of the sale, the chief accounting officer now directly owns 3,846 shares of the company's stock, valued at approximately $56,151.60. This represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lisa Gimbel also recently made the following trade(s):
- On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The shares were sold at an average price of $15.83, for a total value of $14,247.00.
PubMatic Stock Up 5.5 %
NASDAQ:PUBM opened at $15.49 on Wednesday. The business's 50-day moving average price is $14.95 and its 200 day moving average price is $18.09. PubMatic, Inc. has a 52-week low of $13.18 and a 52-week high of $25.36. The firm has a market cap of $768.06 million, a P/E ratio of 49.97 and a beta of 1.39.
Hedge Funds Weigh In On PubMatic
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Several hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in PubMatic by 222.8% during the third quarter. Wellington Management Group LLP now owns 752,329 shares of the company's stock worth $11,187,000 after buying an additional 519,275 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of PubMatic during the second quarter worth $6,582,000. Acadian Asset Management LLC raised its position in shares of PubMatic by 28,255.4% during the second quarter. Acadian Asset Management LLC now owns 291,493 shares of the company's stock worth $5,915,000 after purchasing an additional 290,465 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PubMatic by 28.8% during the second quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company's stock valued at $24,142,000 after purchasing an additional 265,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PubMatic by 122.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company's stock valued at $6,466,000 after acquiring an additional 239,406 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on PUBM shares. Jefferies Financial Group decreased their price objective on shares of PubMatic from $26.00 to $16.00 and set a "hold" rating for the company in a report on Friday, August 9th. B. Riley lowered their price objective on shares of PubMatic from $31.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Macquarie reissued a "neutral" rating and issued a $19.00 target price on shares of PubMatic in a report on Thursday, November 14th. Royal Bank of Canada decreased their target price on PubMatic from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Tuesday, August 20th. Finally, Evercore ISI upped their price target on shares of PubMatic from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, PubMatic has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.
Get Our Latest Stock Analysis on PubMatic
About PubMatic
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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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