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 that occurred 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 Stock Performance

NASDAQ:PUBM traded down $0.68 during trading hours on Friday, hitting $12.99. The company's stock had a trading volume of 413,385 shares, compared to its average volume of 498,433. The business's 50-day moving average is $11.67 and its two-hundred day moving average is $12.03. The company has a market capitalization of $630.40 million, a PE ratio of 162.40 and a beta of 1.54. PubMatic, Inc. has a 52-week low of $7.46 and a 52-week high of $22.99.

PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). The business had revenue of $63.83 million during the quarter, compared to analysts' expectations of $62.07 million. PubMatic had a return on equity of 1.99% and a net margin of 1.90%. The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, analysts predict that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

PUBM has been the subject of several research analyst reports. Lake Street Capital decreased their price objective on 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 cut their price target on PubMatic from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.11.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Leibman Financial Services Inc. raised its position in PubMatic by 65.7% in the second quarter. Leibman Financial Services Inc. now owns 104,683 shares of the company's stock worth $1,302,000 after acquiring an additional 41,499 shares in the last quarter. Inspire Investing LLC raised its position in PubMatic by 37.9% in the first quarter. Inspire Investing LLC now owns 37,420 shares of the company's stock worth $342,000 after acquiring an additional 10,282 shares in the last quarter. Rhumbline Advisers grew its holdings in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock valued at $548,000 after purchasing an additional 1,341 shares during the last quarter. Strs Ohio acquired a new stake in PubMatic in the first quarter valued at $284,000. Finally, Acadian Asset Management LLC grew its holdings in PubMatic by 483.6% in the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company's stock valued at $4,174,000 after purchasing an additional 378,714 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company's stock.

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.