PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev K. Goel sold 44,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $11.02, for a total value of $484,880.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Rajeev K. Goel also recently made the following trade(s):
- On Tuesday, April 1st, Rajeev K. Goel sold 25,000 shares of PubMatic stock. The shares were sold at an average price of $9.14, for a total value of $228,500.00.
PubMatic Stock Performance
Shares of PubMatic stock traded down $0.15 on Wednesday, reaching $11.33. 256,649 shares of the company's stock were exchanged, compared to its average volume of 493,957. The company has a market capitalization of $549.84 million, a P/E ratio of 143.50 and a beta of 1.54. PubMatic, Inc. has a 52 week low of $7.46 and a 52 week high of $22.99. The firm's 50-day moving average is $10.90 and its two-hundred day moving average is $12.32.
PubMatic (NASDAQ:PUBM - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $62.07 million. PubMatic had a net margin of 1.90% and a return on equity of 1.99%. PubMatic's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. On average, analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Graham Holdings Co lifted its holdings in shares of PubMatic by 21.4% in the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company's stock worth $25,880,000 after purchasing an additional 500,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 84,317 shares during the last quarter. Wellington Management Group LLP raised its holdings in PubMatic by 20.0% during the first quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company's stock worth $9,852,000 after buying an additional 179,951 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of PubMatic by 1.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 683,064 shares of the company's stock valued at $10,034,000 after buying an additional 6,600 shares during the last quarter. Finally, Nixon Capital LLC increased its position in shares of PubMatic by 8.7% during the first quarter. Nixon Capital LLC now owns 628,753 shares of the company's stock worth $5,747,000 after acquiring an additional 50,494 shares in the last quarter. Institutional investors own 64.26% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Lake Street Capital lowered their price objective on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, May 9th. 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. Finally, Royal Bank Of Canada dropped their price target on shares of PubMatic from $17.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.11.
Check Out Our Latest Report on PUBM
About PubMatic
(
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.
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