Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $200,175.68 in Stock

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) insider Mukul Kumar sold 9,496 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $21.08, for a total value of $200,175.68. Following the sale, the insider now directly owns 30,958 shares in the company, valued at $652,594.64. The sale was disclosed in a filing with the SEC, which is available through this link.

Mukul Kumar also recently made the following trade(s):

  • On Tuesday, April 16th, Mukul Kumar sold 7,000 shares of PubMatic stock. The stock was sold at an average price of $21.64, for a total value of $151,480.00.

PubMatic Trading Down 4.4 %

NASDAQ:PUBM opened at $19.49 on Friday. PubMatic, Inc. has a twelve month low of $10.92 and a twelve month high of $25.36. The company has a market cap of $973.14 million, a price-to-earnings ratio of 92.81 and a beta of 1.48. The stock has a fifty day simple moving average of $22.44 and a 200-day simple moving average of $19.69.

PubMatic (NASDAQ:PUBMGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.07. PubMatic had a return on equity of 4.21% and a net margin of 4.42%. The business had revenue of $66.70 million during the quarter, compared to the consensus estimate of $62.19 million. During the same period last year, the company earned ($0.09) earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities research analysts predict that PubMatic, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PUBM. B. Riley assumed coverage on PubMatic in a report on Friday, April 19th. They set a “buy” rating and a $27.00 price objective on the stock. Royal Bank of Canada raised their price target on PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, JMP Securities raised their price target on PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

Read Our Latest Report on PUBM

Institutional Trading of PubMatic

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of PubMatic during the third quarter valued at $3,701,000. Dimensional Fund Advisors LP increased its stake in shares of PubMatic by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock valued at $25,366,000 after buying an additional 228,190 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of PubMatic by 92.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock valued at $10,440,000 after buying an additional 211,520 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of PubMatic during the first quarter valued at $4,711,000. Finally, Russell Investments Group Ltd. increased its stake in shares of PubMatic by 1,073.9% during the first quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock valued at $2,990,000 after buying an additional 115,300 shares during the period. 64.26% of the stock is currently owned by institutional investors.

PubMatic Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

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