PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 2,501 Shares

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.

PubMatic (NASDAQ:PUBM – Get Rating) last issued its earnings results on Monday, February 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.16. The company had revenue of $75.56 million during the quarter, compared to analyst estimates of $75.34 million. On average, equities analysts expect that PubMatic, Inc. will post 0.64 EPS for the current year.

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.

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