Wellington Management Group LLP Buys 145,641 Shares of PubMatic, Inc. (NASDAQ:PUBM)

Wellington Management Group LLP raised its position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 897,970 shares of the company's stock after purchasing an additional 145,641 shares during the quarter. Wellington Management Group LLP owned 1.85% of PubMatic worth $13,191,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in shares of PubMatic by 93.1% during the 3rd quarter. Barclays PLC now owns 129,196 shares of the company's stock valued at $1,921,000 after acquiring an additional 62,284 shares during the last quarter. Avestar Capital LLC purchased a new stake in shares of PubMatic during the 4th quarter valued at about $4,701,000. Principal Financial Group Inc. boosted its holdings in shares of PubMatic by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock valued at $370,000 after acquiring an additional 2,234 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of PubMatic during the 4th quarter valued at about $27,000. Finally, AlphaQuest LLC boosted its holdings in shares of PubMatic by 64.9% during the 4th quarter. AlphaQuest LLC now owns 66,863 shares of the company's stock valued at $982,000 after acquiring an additional 26,324 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors.

PubMatic Price Performance

Shares of PUBM traded up $0.10 on Friday, reaching $12.06. The company's stock had a trading volume of 571,030 shares, compared to its average volume of 487,488. The stock has a market capitalization of $585.24 million, a P/E ratio of 38.90 and a beta of 1.54. The stock's 50 day simple moving average is $10.21 and its two-hundred day simple moving average is $12.75. PubMatic, Inc. has a 12-month low of $7.46 and a 12-month high of $22.99.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.18). The business had revenue of $63.83 million during the quarter, compared to analysts' expectations of $62.07 million. PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The business's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) EPS. Analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Insider Buying and Selling

In other PubMatic news, CFO Steven Pantelick sold 12,061 shares of PubMatic stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.31, for a total transaction of $112,287.91. Following the transaction, the chief financial officer now owns 41,410 shares of the company's stock, valued at $385,527.10. The trade was a 22.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mukul Kumar sold 5,401 shares of PubMatic stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.31, for a total transaction of $50,283.31. Following the transaction, the insider now directly owns 60,465 shares in the company, valued at $562,929.15. This represents a 8.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,157 shares of company stock valued at $1,124,437. 26.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PUBM. Scotiabank dropped their price target on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Royal Bank of Canada dropped their price target on shares of PubMatic from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Lake Street Capital dropped their price target on shares of PubMatic from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.11.

PubMatic Company 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.