PubMatic, Inc. (NASDAQ:PUBM) CFO Sells $48,280.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $12.07, for a total value of $48,280.00. Following the transaction, the chief financial officer now directly owns 27,026 shares of the company's stock, valued at $326,203.82. The trade was a 12.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Steven Pantelick also recently made the following trade(s):

• On Monday, May 5th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $9.83, for a total value of $39,320.00.
• On Wednesday, April 2nd, Steven Pantelick sold 12,061 shares of PubMatic stock. The stock was sold at an average price of $9.31, for a total value of $112,287.91.

PubMatic Stock Performance

Shares of PubMatic stock traded up $0.10 during midday trading on Friday, reaching $12.06. 571,030 shares of the company's stock traded hands, compared to its average volume of 488,304. The company has a market cap of $585.24 million, a PE ratio of 38.90 and a beta of 1.54. The stock has a 50 day moving average of $10.21 and a 200-day moving average of $12.71. 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 posted 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 return on equity of 6.12% and a net margin of 5.96%. PubMatic's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. On average, equities analysts anticipate that PubMatic, Inc. will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PubMatic

A number of institutional investors have recently added to or reduced their stakes in the company. Inspire Investing LLC raised its holdings 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 purchasing an additional 10,282 shares in the last quarter. Rhumbline Advisers raised its holdings in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company's stock worth $548,000 after purchasing an additional 1,341 shares in the last quarter. Strs Ohio bought a new position in PubMatic in the first quarter worth $284,000. Acadian Asset Management LLC increased its holdings in shares of PubMatic by 483.6% during the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company's stock valued at $4,174,000 after acquiring an additional 378,714 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of PubMatic by 55.7% during the first quarter. Jane Street Group LLC now owns 109,423 shares of the company's stock valued at $1,000,000 after acquiring an additional 39,124 shares in the last quarter. Institutional investors own 64.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Scotiabank dropped their price objective on 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 decreased their target price on PubMatic from $21.00 to $19.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Royal Bank of Canada decreased 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 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, PubMatic presently has a consensus rating of "Moderate Buy" and an average price target of $19.11.

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.