Foundation Capital Management Sells 39,309 Shares of TubeMogul Inc. (TUBE) Stock
TubeMogul Inc. (NASDAQ:TUBE) major shareholder Foundation Capital Management sold 39,309 shares of TubeMogul stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total value of $355,746.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of TubeMogul Inc. (NASDAQ:TUBE) opened at 8.99 on Thursday. The stock’s 50 day moving average price is $9.17 and its 200-day moving average price is $11.38. TubeMogul Inc. has a 52-week low of $8.75 and a 52-week high of $14.46. The company’s market capitalization is $325.62 million.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, analysts expect that TubeMogul Inc. will post ($0.58) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Murphy Michael R increased its position in TubeMogul by 12.7% in the second quarter. Murphy Michael R now owns 2,478,190 shares of the company’s stock worth $29,490,000 after buying an additional 278,871 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of TubeMogul by 5.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,050,200 shares of the company’s stock valued at $13,590,000 after buying an additional 56,481 shares during the period. Elk Creek Partners LLC boosted its position in shares of TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock valued at $6,098,000 after buying an additional 173,633 shares during the period. Vanguard Group Inc. boosted its position in shares of TubeMogul by 6.7% in the second quarter. Vanguard Group Inc. now owns 658,957 shares of the company’s stock valued at $7,843,000 after buying an additional 41,263 shares during the period. Finally, BlackRock Fund Advisors boosted its position in shares of TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock valued at $6,793,000 after buying an additional 169,455 shares during the period. Institutional investors and hedge funds own 60.49% of the company’s stock.
Several equities research analysts recently weighed in on the company. Stephens restated a “buy” rating on shares of TubeMogul in a report on Wednesday, June 15th. JMP Securities lowered TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. reduced their target price on TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. Citigroup Inc. reduced their target price on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reduced their target price on TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $15.58.
TubeMogul Company Profile
TubeMogul, Inc provides software for brand advertising. The Company’s software platform is used by advertisers to plan, buy, measure and optimize their global brand advertising. Its self-serve software platform enables advertisers to buy advertisement inventory across various advertising channels, including linear television, video-on-demand, connected television, digital video, digital display and social media.
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