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

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.

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

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.