PubMatic, Inc. (NASDAQ:PUBM) CFO Sells $195,598.92 in Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 15,598 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $12.54, for a total transaction 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. The trade was a 26.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $12.82, for a total transaction of $201,145.80.
• On Tuesday, June 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $12.07, for a total transaction 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 transaction of $39,320.00.

PubMatic Stock Performance

Shares of PUBM traded up $0.16 during mid-day trading on Friday, reaching $12.83. The company had a trading volume of 235,174 shares, compared to its average volume of 495,015. The company's 50 day simple moving average is $11.35 and its 200 day simple moving average is $12.06. PubMatic, Inc. has a 1-year low of $7.46 and a 1-year high of $22.99. The company has a market capitalization of $622.40 million, a price-to-earnings ratio of 160.33 and a beta of 1.54.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its 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 business 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 earned ($0.05) earnings per share. The firm's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PubMatic

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in PubMatic during the 4th quarter worth approximately $27,000. Cubist Systematic Strategies LLC bought a new position in PubMatic during the 4th quarter worth approximately $29,000. GAMMA Investing LLC raised its holdings in PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock worth $26,000 after purchasing an additional 2,785 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in PubMatic during the 4th quarter worth approximately $57,000. Finally, Tower Research Capital LLC TRC raised its holdings in PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after purchasing an additional 2,240 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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