PubMatic, Inc. (NASDAQ:PUBM) CEO Sells $414,492.56 in Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev K. Goel sold 33,001 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total value of $414,492.56. Following the completion of the transaction, the chief executive officer owned 32,515 shares of the company's stock, valued at $408,388.40. This represents a 50.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rajeev K. Goel also recently made the following trade(s):

• On Monday, June 23rd, Rajeev K. Goel sold 44,000 shares of PubMatic stock. The stock was sold at an average price of $11.02, for a total value of $484,880.00.

PubMatic Price Performance

Shares of PUBM traded up $0.16 during trading hours on Friday, hitting $12.83. The stock had a trading volume of 235,174 shares, compared to its average volume of 495,015. PubMatic, Inc. has a 12 month low of $7.46 and a 12 month high of $22.99. The firm has a market capitalization of $622.40 million, a PE ratio of 160.33 and a beta of 1.54. The stock has a fifty day moving average price of $11.35 and a 200 day moving average price of $12.06.

PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.18). PubMatic had a return on equity of 1.99% and a net margin of 1.90%. The firm had revenue of $63.83 million during the quarter, compared to the consensus estimate of $62.07 million. During the same period in the previous year, the firm earned ($0.05) EPS. The business's revenue was down 4.3% on a year-over-year basis. As a group, analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of PubMatic

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in PubMatic during the fourth quarter valued at about $27,000. JPMorgan Chase & Co. grew its holdings in PubMatic by 263.0% during the fourth 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 grew its holdings in PubMatic by 75.2% during the fourth 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. Janney Montgomery Scott LLC bought a new stake in PubMatic during the first quarter valued at about $379,000. Finally, Principal Financial Group Inc. grew its holdings in PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock valued at $370,000 after purchasing an additional 2,234 shares during the period. Institutional investors own 64.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PUBM shares. Lake Street Capital decreased their price target on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Royal Bank Of Canada decreased their price target on PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, PubMatic has a consensus rating of "Moderate Buy" and an average price target 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.