Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) CAO Sells $20,118.80 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $14.60, for a total transaction of $20,118.80. Following the sale, the chief accounting officer now owns 3,846 shares of the company’s stock, valued at $56,151.60. This trade represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The stock was sold at an average price of $15.83, for a total value of $14,247.00.

PubMatic Trading Down 0.2 %

PUBM stock opened at $16.17 on Friday. PubMatic, Inc. has a 1-year low of $13.18 and a 1-year high of $25.36. The stock has a market cap of $801.71 million, a P/E ratio of 52.20 and a beta of 1.39. The stock’s fifty day simple moving average is $15.01 and its two-hundred day simple moving average is $18.06.

Analysts Set New Price Targets

Several research analysts have weighed in on PUBM shares. Jefferies Financial Group lowered their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Macquarie restated a “neutral” rating and issued a $19.00 price target on shares of PubMatic in a research note on Thursday, November 14th. Evercore ISI lifted their price objective on shares of PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada decreased their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Finally, Raymond James cut shares of PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.71.

Institutional Trading of PubMatic

A number of large investors have recently bought and sold shares of the company. Redwood Wealth Management Group LLC purchased a new stake in PubMatic in the 2nd quarter worth about $29,000. Headlands Technologies LLC bought a new position in PubMatic during the second quarter worth about $38,000. Founders Capital Management increased its stake in shares of PubMatic by 100.0% in the third quarter. Founders Capital Management now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of PubMatic in the third quarter valued at approximately $51,000. Finally, FMR LLC lifted its stake in shares of PubMatic by 201.6% during the 3rd 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. 64.26% of the stock is owned by hedge funds and other institutional investors.

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.