PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel Sells 1,068 Shares

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 1,068 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $11.98, for a total transaction of $12,794.64. Following the sale, the chief accounting officer now directly owns 5,621 shares of the company's stock, valued at approximately $67,339.58. The trade was a 15.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lisa Gimbel also recently made the following trade(s):

• On Friday, May 16th, Lisa Gimbel sold 1,070 shares of PubMatic stock. The shares were sold at an average price of $11.50, for a total transaction of $12,305.00.

PubMatic Stock Up 0.7%

PUBM stock traded up $0.09 during midday trading on Wednesday, reaching $12.16. The company's stock had a trading volume of 570,645 shares, compared to its average volume of 486,131. PubMatic, Inc. has a 52 week low of $7.46 and a 52 week high of $22.99. The stock has a market cap of $590.09 million, a PE ratio of 39.23 and a beta of 1.49. The business's 50-day simple moving average is $10.04 and its 200-day simple moving average is $12.80.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.18). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The business had revenue of $63.83 million during the quarter, compared to the consensus estimate of $62.07 million. During the same period in the previous year, the business posted ($0.05) earnings per share. PubMatic's revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on PUBM shares. Lake Street Capital lowered their price target 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. 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 report on Friday, May 2nd. Finally, Scotiabank lowered their price target on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.11.

Hedge Funds Weigh In On PubMatic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of PubMatic during the fourth quarter worth $27,000. JPMorgan Chase & Co. boosted its position in shares of PubMatic by 263.0% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PubMatic by 75.2% during the fourth 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 in the last quarter. Principal Financial Group Inc. boosted its position in shares of PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock worth $370,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. 64.26% of the stock is owned by institutional investors.

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.

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