Free Trial

Andrew Woods Sells 4,084 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic logo with Computer and Technology background

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) General Counsel Andrew Woods sold 4,084 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total transaction of $51,295.04. Following the transaction, the general counsel owned 44,130 shares in the company, valued at approximately $554,272.80. The trade was a 8.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

PubMatic Trading Up 1.2%

Shares of PUBM stock traded up $0.16 during trading hours on Friday, hitting $12.83. The company's stock had a trading volume of 235,174 shares, compared to its average volume of 495,015. The company has a 50 day moving average of $11.35 and a 200 day moving average of $12.06. The stock has a market cap of $622.40 million, a PE ratio of 160.33 and a beta of 1.54. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.18). The company had revenue of $63.83 million during the quarter, compared to analysts' expectations of $62.07 million. PubMatic had a net margin of 1.90% and a return on equity of 1.99%. The company's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) earnings per share. As a group, analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. 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 note on Friday, May 9th. Royal Bank Of Canada lowered their target price on PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.11.

Read Our Latest Analysis on PUBM

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of PubMatic during the fourth quarter worth $27,000. JPMorgan Chase & Co. grew its position in PubMatic by 263.0% during the 4th quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company's stock worth $3,325,000 after purchasing an additional 163,979 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PubMatic by 75.2% in 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 purchased a new position in PubMatic during the first quarter worth about $379,000. Finally, Principal Financial Group Inc. lifted its stake in shares of PubMatic by 9.7% in 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 and hedge funds own 64.26% of the company's stock.

PubMatic Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

Should You Invest $1,000 in PubMatic Right Now?

Before you consider PubMatic, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PubMatic wasn't on the list.

While PubMatic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 “Boring” Mega Cap Stocks to Turn Into Pure Profit
Joby vs. Archer: The $10 Billion eVTOL Battle
3 Small-Cap Biotech Stocks With Catalysts Too Big to Ignore

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines