PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 15,598 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $12.54, for a total value of $195,598.92. Following the completion of the transaction, the chief financial officer directly owned 42,392 shares in the company, valued at $531,595.68. This represents a 26.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Steven Pantelick also recently made the following trade(s):
- On Thursday, July 3rd, Steven Pantelick sold 15,690 shares of PubMatic stock. The stock was sold at an average price of $12.82, for a total value of $201,145.80.
- On Tuesday, June 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was sold at an average price of $12.07, for a total value of $48,280.00.
- On Monday, May 5th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $9.83, for a total value of $39,320.00.
PubMatic Trading Up 1.2%
NASDAQ:PUBM traded up $0.16 on Friday, hitting $12.83. 235,174 shares of the company's stock traded hands, compared to its average volume of 494,575. The company has a market cap of $622.40 million, a PE ratio of 160.33 and a beta of 1.54. PubMatic, Inc. has a 1 year low of $7.46 and a 1 year high of $22.99. The firm has a 50-day moving average price of $11.30 and a 200-day moving average price of $12.13.
PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $63.83 million for the quarter, compared to analyst estimates of $62.07 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Investors Weigh In On PubMatic
A number of institutional investors have recently modified their holdings of PUBM. Graham Holdings Co grew its holdings in shares of PubMatic by 21.4% during the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company's stock valued at $25,880,000 after acquiring an additional 500,000 shares in the last quarter. Nuveen LLC acquired a new stake in PubMatic during the first quarter valued at $3,963,000. Acadian Asset Management LLC boosted its position in PubMatic by 483.6% during the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company's stock valued at $4,174,000 after purchasing an additional 378,714 shares during the last quarter. Pacer Advisors Inc. purchased a new position in PubMatic in the first quarter valued at about $2,455,000. Finally, Wellington Management Group LLP increased its position in PubMatic by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock worth $9,852,000 after purchasing an additional 179,951 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Analyst Ratings Changes
PUBM has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on PubMatic from $17.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Lake Street Capital decreased their target price on shares of PubMatic from $21.00 to $19.00 and set a "buy" rating for the company 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.11.
Check Out Our Latest Report 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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