PubMatic, Inc. (NASDAQ:PUBM – Get Rating) CFO Steven Pantelick sold 2,501 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $19.79, for a total value of $49,494.79. Following the completion of the sale, the chief financial officer now owns 10,051 shares in the company, valued at approximately $198,909.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Steven Pantelick also recently made the following trade(s):
- On Monday, April 4th, Steven Pantelick sold 2,555 shares of PubMatic stock. The stock was sold at an average price of $27.74, for a total value of $70,875.70.
- On Friday, March 4th, Steven Pantelick sold 30,000 shares of PubMatic stock. The stock was sold at an average price of $21.66, for a total value of $649,800.00.
Shares of PUBM opened at $19.18 on Friday. PubMatic, Inc. has a 52-week low of $18.30 and a 52-week high of $44.19. The company has a market capitalization of $994.87 million, a PE ratio of 19.18 and a beta of 0.53. The stock has a fifty day simple moving average of $23.67 and a two-hundred day simple moving average of $28.48.
Several research analysts have recently weighed in on the company. KeyCorp reduced their target price on PubMatic from $52.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, March 1st. Royal Bank of Canada reduced their target price on PubMatic from $46.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, March 16th. JMP Securities reduced their target price on PubMatic from $64.00 to $49.00 and set a “market outperform” rating for the company in a research note on Tuesday, March 1st. Zacks Investment Research raised PubMatic from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Raymond James reduced their price objective on PubMatic from $50.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, March 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $44.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in shares of PubMatic by 30.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,304 shares of the company’s stock worth $34,000 after purchasing an additional 304 shares during the period. Legal & General Group Plc grew its holdings in shares of PubMatic by 6.4% during the 4th quarter. Legal & General Group Plc now owns 6,230 shares of the company’s stock worth $212,000 after purchasing an additional 376 shares during the period. Tyler Stone Wealth Management purchased a new position in shares of PubMatic during the 4th quarter worth $26,000. Spire Wealth Management purchased a new position in shares of PubMatic during the 4th quarter worth $34,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of PubMatic during the 4th quarter worth $38,000. Institutional investors and hedge funds own 37.58% of the company’s stock.
About PubMatic (Get Rating)
PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.
- Get a free copy of the StockNews.com research report on PubMatic (PUBM)
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