Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) Chairman Sells $49,000.00 in Stock

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) Chairman Amar K. Goel sold 2,000 shares of PubMatic stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $24.50, for a total value of $49,000.00. Following the completion of the transaction, the chairman now directly owns 2,640 shares of the company’s stock, valued at approximately $64,680. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Amar K. Goel also recently made the following trade(s):

  • On Tuesday, March 5th, Amar K. Goel sold 3,454 shares of PubMatic stock. The stock was sold at an average price of $20.69, for a total transaction of $71,463.26.

PubMatic Price Performance

NASDAQ PUBM opened at $21.90 on Friday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 104.29 and a beta of 1.52. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $25.36. The business’s fifty day moving average price is $23.05 and its 200-day moving average price is $19.25.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PUBM shares. Royal Bank of Canada boosted their price objective on shares of PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. JMP Securities upped their price target on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a report on Tuesday, February 27th. Finally, B. Riley initiated coverage on PubMatic in a report on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Check Out Our Latest Research Report on PUBM

Hedge Funds Weigh In On PubMatic

Several institutional investors have recently made changes to their positions in PUBM. Wellington Management Group LLP bought a new stake in PubMatic during the third quarter valued at approximately $3,701,000. Dimensional Fund Advisors LP boosted its stake in shares of PubMatic by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after acquiring an additional 228,190 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of PubMatic by 92.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock valued at $10,440,000 after acquiring an additional 211,520 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of PubMatic in the 1st quarter worth $4,711,000. Finally, Russell Investments Group Ltd. raised its holdings in PubMatic by 1,073.9% in the 1st quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock worth $2,990,000 after purchasing an additional 115,300 shares during the period. Institutional investors own 64.26% of the company’s stock.

About PubMatic

(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.

Further Reading

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

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