Trexquant Investment LP Acquires 42,121 Shares of PubMatic, Inc. (NASDAQ:PUBM)

Trexquant Investment LP lifted its stake in shares of PubMatic, Inc. (NASDAQ:PUBM - Free Report) by 51.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,390 shares of the company's stock after purchasing an additional 42,121 shares during the quarter. Trexquant Investment LP owned about 0.26% of PubMatic worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of PubMatic by 222.8% during the 3rd quarter. Wellington Management Group LLP now owns 752,329 shares of the company's stock worth $11,187,000 after buying an additional 519,275 shares in the last quarter. Avestar Capital LLC bought a new stake in PubMatic during the fourth quarter worth approximately $4,701,000. Nordea Investment Management AB lifted its position in PubMatic by 377.4% in the fourth quarter. Nordea Investment Management AB now owns 340,544 shares of the company's stock worth $5,101,000 after purchasing an additional 269,217 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in PubMatic by 122.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company's stock valued at $6,466,000 after purchasing an additional 239,406 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PubMatic by 263.0% during the 4th quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company's stock valued at $3,325,000 after purchasing an additional 163,979 shares during the period. Institutional investors and hedge funds own 64.26% of the company's stock.

Insider Activity at PubMatic

In other news, CEO Rajeev K. Goel sold 24,891 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $15.14, for a total value of $376,849.74. Following the completion of the sale, the chief executive officer now directly owns 5,896 shares in the company, valued at approximately $89,265.44. The trade was a 80.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mukul Kumar sold 7,000 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00. Following the completion of the transaction, the insider now owns 52,005 shares in the company, valued at $858,602.55. The trade was a 11.86 % 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. Corporate insiders own 2.90% of the company's stock.

PubMatic Price Performance

NASDAQ PUBM traded down $0.07 on Monday, hitting $8.41. 57,159 shares of the stock were exchanged, compared to its average volume of 499,013. The company's 50-day moving average price is $11.46 and its two-hundred day moving average price is $13.96. The company has a market capitalization of $408.11 million, a price-to-earnings ratio of 27.13 and a beta of 1.50. PubMatic, Inc. has a 52-week low of $7.46 and a 52-week high of $25.36.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PUBM. Scotiabank decreased their target price 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. Royal Bank of Canada reduced their price objective on shares of PubMatic from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. JMP Securities reiterated a "market outperform" rating and issued a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Finally, Lake Street Capital reduced their target price on shares of PubMatic from $24.00 to $21.00 and set a "buy" rating for the company in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.89.

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.