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

PubMatic logo with Computer and Technology background

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.

Check Out Our Latest Research Report on PubMatic

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

(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.

Read More

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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