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

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CEO Rajeev K. Goel sold 44,000 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $12.53, for a total value of $551,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rajeev K. Goel also recently made the following trade(s):

• On Monday, June 23rd, Rajeev K. Goel sold 44,000 shares of PubMatic stock. The shares were sold at an average price of $11.02, for a total value of $484,880.00.

PubMatic Price Performance

NASDAQ:PUBM traded up $1.03 during mid-day trading on Wednesday, reaching $13.58. The stock had a trading volume of 998,314 shares, compared to its average volume of 495,807. The stock has a 50-day simple moving average of $11.53 and a two-hundred day simple moving average of $12.06. The stock has a market capitalization of $659.04 million, a PE ratio of 169.77 and a beta of 1.54. PubMatic, Inc. has a 12 month low of $7.46 and a 12 month high of $22.99.

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). The firm had revenue of $63.83 million during the quarter, compared to the consensus estimate of $62.07 million. PubMatic had a net margin of 1.90% and a return on equity of 1.99%. The business's revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business earned ($0.05) earnings per share. Equities analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

PUBM has been the topic of several research analyst reports. Lake Street Capital dropped their price objective on PubMatic from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Royal Bank Of Canada lowered their target price on PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.11.

Institutional Trading of PubMatic

A number of hedge funds and other institutional investors have recently modified their holdings of PUBM. Rhumbline Advisers raised its holdings in shares of PubMatic by 2.3% in the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after acquiring an additional 1,341 shares during the last quarter. Pitcairn Co. grew its position in shares of PubMatic by 7.3% during the 4th quarter. Pitcairn Co. now owns 21,654 shares of the company's stock valued at $318,000 after acquiring an additional 1,477 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of PubMatic during the 4th quarter valued at approximately $27,000. Cubist Systematic Strategies LLC bought a new position in shares of PubMatic during the 4th quarter valued at approximately $29,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 valued at $77,000 after buying an additional 2,240 shares in the last quarter. 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.

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