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

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 1,068 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $11.98, for a total transaction of $12,794.64. Following the completion of the sale, the chief accounting officer now directly owns 5,621 shares of the company's stock, valued at approximately $67,339.58. This trade represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Performance

PUBM traded up $0.10 during midday trading on Friday, hitting $12.06. The company had a trading volume of 571,030 shares, compared to its average volume of 488,304. The company has a market capitalization of $585.24 million, a PE ratio of 38.90 and a beta of 1.54. PubMatic, Inc. has a twelve month low of $7.46 and a twelve month high of $22.99. The firm's 50-day simple moving average is $10.21 and its 200-day simple moving average is $12.71.

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

Institutional Investors Weigh In On PubMatic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in PubMatic in the 4th quarter valued at about $27,000. Cubist Systematic Strategies LLC acquired a new stake in PubMatic in the 4th quarter valued at about $29,000. GAMMA Investing LLC increased its position in PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company's stock valued at $26,000 after acquiring an additional 2,785 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PubMatic during the 4th quarter worth approximately $57,000. Finally, Tower Research Capital LLC TRC grew its position in shares of PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company's stock worth $77,000 after buying an additional 2,240 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PUBM. Scotiabank reduced their price objective 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. Royal Bank of Canada dropped their target price 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. Finally, Lake Street Capital dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $19.11.

About PubMatic

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.