Steven Pantelick Sells 4,000 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $12.07, for a total transaction of $48,280.00. Following the completion of the sale, the chief financial officer now directly owns 27,026 shares of the company's stock, valued at $326,203.82. This trade represents a 12.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, May 5th, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was 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

PubMatic stock traded up $0.09 during mid-day trading on Wednesday, reaching $12.16. The company's stock had a trading volume of 570,645 shares, compared to its average volume of 486,131. PubMatic, Inc. has a 12 month low of $7.46 and a 12 month high of $22.99. The business's 50 day simple moving average is $10.04 and its 200 day simple moving average is $12.80. The company has a market capitalization of $590.09 million, a price-to-earnings ratio of 39.23 and a beta of 1.49.

PubMatic (NASDAQ:PUBM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.18). The company had revenue of $63.83 million during the quarter, compared to the consensus estimate of $62.07 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PUBM. Graham Holdings Co grew its position in shares of PubMatic by 21.4% during 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. Nuveen LLC acquired a new position in PubMatic in the 1st quarter valued at $3,963,000. Acadian Asset Management LLC lifted its position in shares of PubMatic by 483.6% during the 1st 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 during the period. Avestar Capital LLC acquired a new stake in shares of PubMatic during the 4th quarter worth $4,701,000. Finally, Pacer Advisors Inc. bought a new position in shares of PubMatic in the first quarter worth $2,455,000. 64.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PUBM. Scotiabank dropped their price objective on PubMatic from $17.00 to $15.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Lake Street Capital reduced 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. Finally, Royal Bank of Canada cut their target price 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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