BNP Paribas Financial Markets Makes New $431,000 Investment in PubMatic, Inc. (NASDAQ:PUBM)

BNP Paribas Financial Markets purchased a new stake in PubMatic, Inc. (NASDAQ:PUBM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,328 shares of the company's stock, valued at approximately $431,000. BNP Paribas Financial Markets owned 0.06% of PubMatic as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of PubMatic in the 4th quarter valued at $27,000. JPMorgan Chase & Co. boosted its position in shares of PubMatic by 263.0% in the 4th quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company's stock valued at $3,325,000 after purchasing an additional 163,979 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock valued at $77,000 after purchasing an additional 2,240 shares during the period. Principal Financial Group Inc. boosted its position in PubMatic by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock worth $370,000 after acquiring an additional 2,234 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in PubMatic by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock worth $22,531,000 after acquiring an additional 84,317 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Stock Performance

Shares of PubMatic stock traded down $0.19 during trading on Thursday, hitting $11.94. 364,170 shares of the stock traded hands, compared to its average volume of 482,127. The stock has a market cap of $579.32 million, a P/E ratio of 38.52 and a beta of 1.49. PubMatic, Inc. has a twelve month low of $7.46 and a twelve month high of $24.04. The company has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $12.93.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). The firm had revenue of $63.83 million for the quarter, compared to analyst estimates of $62.07 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. On average, equities research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity at PubMatic

In related news, CFO Steven Pantelick sold 12,061 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $112,287.91. Following the transaction, the chief financial officer now directly owns 41,410 shares of the company's stock, valued at approximately $385,527.10. This trade represents a 22.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Rajeev K. Goel sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $9.14, for a total value of $228,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,304 shares in the company, valued at $295,258.56. The trade was a 43.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,089 shares of company stock valued at $768,362. Corporate insiders own 26.42% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Lake Street Capital decreased their price objective on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Royal Bank of Canada decreased their price objective on PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Scotiabank decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.11.

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.