Transce3nd LLC Takes Position in PubMatic, Inc. (NASDAQ:PUBM)

Transce3nd LLC acquired a new position in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,545 shares of the company's stock, valued at approximately $567,000. Transce3nd LLC owned 0.08% of PubMatic as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PUBM. SBI Securities Co. Ltd. acquired a new stake in PubMatic in the 4th quarter worth about $27,000. FMR LLC raised its position in shares of PubMatic by 201.6% in the third quarter. FMR LLC now owns 4,053 shares of the company's stock valued at $60,000 after buying an additional 2,709 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of PubMatic in the fourth quarter valued at approximately $106,000. XTX Topco Ltd acquired a new stake in PubMatic during the fourth quarter worth approximately $228,000. Finally, Virtu Financial LLC bought a new position in PubMatic during the 3rd quarter worth $240,000. Institutional investors and hedge funds own 64.26% of the company's stock.

PubMatic Stock Performance

Shares of PubMatic stock traded up $0.16 during midday trading on Friday, hitting $10.01. 303,489 shares of the company traded hands, compared to its average volume of 463,167. The firm's fifty day moving average price is $10.19 and its 200-day moving average price is $13.63. The stock has a market cap of $485.51 million, a price-to-earnings ratio of 32.40 and a beta of 1.50. PubMatic, Inc. has a 12 month low of $7.46 and a 12 month high of $25.36.

PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The company had revenue of $85.50 million for the quarter, compared to analyst estimates of $88.24 million. Equities research analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Scotiabank cut their price objective on shares of PubMatic from $17.00 to $15.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Lake Street Capital reduced their price objective on shares of PubMatic from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, JMP Securities restated a "market outperform" rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.89.

Insider Activity

In related news, CFO Steven Pantelick sold 12,061 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $112,287.91. Following the completion of the sale, the chief financial officer now directly owns 41,410 shares in the company, valued at $385,527.10. This represents a 22.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Amar K. Goel sold 4,446 shares of PubMatic stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $41,392.26. Following the transaction, the chairman now directly owns 18,401 shares in the company, valued at $171,313.31. The trade was a 19.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,210 shares of company stock valued at $1,028,124. 2.90% of the stock is currently owned by corporate insiders.

PubMatic 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.