Mukul Kumar Sells 5,366 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) insider Mukul Kumar sold 5,366 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $12.56, for a total transaction of $67,396.96. Following the completion of the transaction, the insider owned 68,960 shares of the company's stock, valued at approximately $866,137.60. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PubMatic Stock Performance

NASDAQ PUBM traded up $0.16 during mid-day trading on Friday, reaching $12.83. 235,174 shares of the stock were exchanged, compared to its average volume of 495,015. The business's 50 day moving average is $11.35 and its 200-day 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 P/E ratio of 160.33 and a beta of 1.54.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on PUBM shares. Lake Street Capital lowered their price objective on shares of PubMatic from $21.00 to $19.00 and set a "buy" rating for the company 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 for the company 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.11.

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Graham Holdings Co boosted its holdings in shares of PubMatic by 21.4% in the first 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. Dimensional Fund Advisors LP raised its stake in PubMatic by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock worth $22,531,000 after purchasing an additional 84,317 shares during the period. Wellington Management Group LLP raised its stake in shares of PubMatic by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock valued at $9,852,000 after acquiring an additional 179,951 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of PubMatic by 1.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 683,064 shares of the company's stock valued at $10,034,000 after acquiring an additional 6,600 shares during the period. Finally, Nixon Capital LLC raised its stake in shares of PubMatic by 8.7% in the 1st quarter. Nixon Capital LLC now owns 628,753 shares of the company's stock valued at $5,747,000 after acquiring an additional 50,494 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.