Brett Wilson Sells 30,000 Shares of TubeMogul Inc. (TUBE) Stock
TubeMogul Inc. (NASDAQ:TUBE) CEO Brett Wilson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $8.56, for a total value of $256,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Brett Wilson also recently made the following trade(s):
- On Wednesday, September 7th, Brett Wilson sold 30,000 shares of TubeMogul stock. The stock was sold at an average price of $9.17, for a total value of $275,100.00.
- On Tuesday, August 2nd, Brett Wilson sold 30,000 shares of TubeMogul stock. The stock was sold at an average price of $11.06, for a total value of $331,800.00.
Shares of TubeMogul Inc. (NASDAQ:TUBE) opened at 8.27 on Tuesday. TubeMogul Inc. has a 52-week low of $8.05 and a 52-week high of $14.46. The firm’s market capitalization is $299.54 million. The company’s 50 day moving average price is $9.06 and its 200 day moving average price is $11.17.
TubeMogul (NASDAQ:TUBE) last released its earnings results 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 business earned $55.40 million during the quarter, compared to analyst estimates of $58.14 million. TubeMogul had a negative net margin of 8.56% and a negative return on equity of 13.51%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Analysts forecast that TubeMogul Inc. will post ($0.58) earnings per share for the current year.
A number of brokerages have recently issued reports on TUBE. B. Riley began coverage on TubeMogul in a report on Monday, October 10th. They set a “buy” rating and a $13.00 target price for the company. Citigroup Inc. decreased their price target on TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 13th. JPMorgan Chase & Co. decreased their price target on TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Albert Fried & Company restated a “buy” rating and issued a $14.00 price target on shares of TubeMogul in a report on Sunday, October 9th. Finally, Zacks Investment Research upgraded TubeMogul from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.55.
A number of hedge funds have recently added to or reduced their stakes in TUBE. BlackRock Advisors LLC raised its stake in TubeMogul by 19.4% in the second quarter. BlackRock Advisors LLC now owns 9,424 shares of the company’s stock worth $112,000 after buying an additional 1,529 shares during the period. Paradigm Asset Management Co. LLC raised its stake in TubeMogul by 11.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 10,000 shares of the company’s stock worth $119,000 after buying an additional 1,000 shares during the period. Alliancebernstein L.P. acquired a new stake in TubeMogul during the second quarter worth about $126,000. A.R.T. Advisors LLC acquired a new stake in TubeMogul during the second quarter worth about $137,000. Finally, American International Group Inc. raised its stake in TubeMogul by 24.5% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock worth $151,000 after buying an additional 2,491 shares during the period. 60.55% of the stock is currently owned by hedge funds and other institutional investors.
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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