PubMatic, Inc. (NASDAQ:PUBM) Shares Acquired by Strs Ohio

Strs Ohio boosted its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,700 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Strs Ohio owned approximately 0.07% of PubMatic worth $549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PUBM. Guinness Atkinson Asset Management Inc lifted its stake in PubMatic by 48.6% during the third quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after purchasing an additional 992 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of PubMatic in the 3rd quarter valued at approximately $68,000. TFC Financial Management Inc. lifted its position in shares of PubMatic by 76.9% in the 3rd quarter. TFC Financial Management Inc. now owns 5,750 shares of the company’s stock valued at $70,000 after acquiring an additional 2,500 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of PubMatic in the 3rd quarter valued at approximately $142,000. Finally, Quantbot Technologies LP purchased a new stake in shares of PubMatic in the 3rd quarter valued at approximately $154,000. 64.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PubMatic

In other news, insider Paulina Klimenko sold 2,083 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Paulina Klimenko sold 2,083 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $17.00, for a total transaction of $35,411.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Rajeev K. Goel sold 98,600 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $20.70, for a total transaction of $2,041,020.00. Following the transaction, the chief executive officer now owns 7,500 shares in the company, valued at approximately $155,250. The disclosure for this sale can be found here. Insiders have sold a total of 184,563 shares of company stock worth $3,940,568 in the last 90 days. 2.00% of the stock is owned by insiders.

PubMatic Stock Performance

PubMatic stock opened at $23.21 on Friday. The firm has a market cap of $1.16 billion, a PE ratio of 154.74 and a beta of 1.52. The firm’s 50 day moving average price is $21.74 and its two-hundred day moving average price is $17.38. PubMatic, Inc. has a twelve month low of $10.92 and a twelve month high of $24.18.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.19 by $0.15. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $78.19 million. During the same quarter in the prior year, the business posted $0.24 EPS. PubMatic’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that PubMatic, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

PUBM has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price target on shares of PubMatic in a research report on Monday, March 25th. JMP Securities upped their price target on shares of PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 27th. Finally, B. Riley initiated coverage on shares of PubMatic in a research report on Friday, April 19th. They issued a “buy” rating and a $27.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.20.

PubMatic Profile

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.