PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $12,477.30 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Paulina Klimenko sold 627 shares of PubMatic stock in a transaction on Monday, July 1st. The stock was sold at an average price of $19.90, for a total transaction of $12,477.30. Following the sale, the insider now directly owns 3,554 shares in the company, valued at approximately $70,724.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paulina Klimenko also recently made the following trade(s):

• On Monday, April 8th, Paulina Klimenko sold 5,653 shares of PubMatic stock. The shares were sold at an average price of $23.70, for a total transaction of $133,976.10.

PubMatic Price Performance

NASDAQ PUBM opened at $20.67 on Friday. The firm’s 50-day moving average is $21.93 and its two-hundred day moving average is $19.90. PubMatic, Inc. has a 12 month low of $10.92 and a 12 month high of $25.36. The stock has a market capitalization of $1.03 billion, a P/E ratio of 98.43 and a beta of 1.44.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The company had revenue of $66.70 million for the quarter, compared to analysts’ expectations of $62.19 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. PubMatic’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts anticipate that PubMatic, Inc. will post 0.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PUBM. B. Riley began coverage on shares of PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Institutional Trading of PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in PubMatic during the first quarter worth about $107,000. Public Employees Retirement System of Ohio purchased a new stake in PubMatic during the third quarter worth about $142,000. SVB Wealth LLC purchased a new stake in PubMatic during the fourth quarter worth about $163,000. QRG Capital Management Inc. purchased a new stake in PubMatic during the fourth quarter worth about $191,000. Finally, Arizona State Retirement System increased its stake in PubMatic by 9.0% during the fourth quarter. Arizona State Retirement System now owns 11,924 shares of the company’s stock worth $194,000 after purchasing an additional 984 shares during the period. 64.26% of the stock is currently 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.