PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev K. Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $11.02, for a total transaction of $484,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction of $228,500.00.

PubMatic Stock Up 1.9%

NASDAQ PUBM traded up $0.22 on Friday, reaching $11.66. The stock had a trading volume of 1,625,670 shares, compared to its average volume of 499,102. The firm has a market capitalization of $565.86 million, a price-to-earnings ratio of 145.77 and a beta of 1.54. PubMatic, Inc. has a 12-month low of $7.46 and a 12-month high of $22.99. The stock has a fifty day moving average price of $11.06 and a two-hundred day moving average price of $12.24.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its earnings results 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). The firm had revenue of $63.83 million during the quarter, compared to analysts' expectations of $62.07 million. PubMatic had a net margin of 1.90% and a return on equity of 1.99%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. Sell-side analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PUBM shares. Scotiabank dropped their price target on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Lake Street Capital dropped their price target on shares of PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Royal Bank Of Canada dropped their price target on shares of PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.11.

Institutional Trading of PubMatic

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake 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 4th quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company's stock worth $3,325,000 after acquiring an additional 163,979 shares in the last quarter. Tower Research Capital LLC TRC raised 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 acquiring an additional 2,240 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in PubMatic by 9.7% in the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company's stock valued at $370,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in PubMatic by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company's stock valued at $22,531,000 after purchasing an additional 84,317 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.

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.