PubMatic (NASDAQ:PUBM – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07, Briefing.com reports. The firm had revenue of $66.70 million during the quarter, compared to the consensus estimate of $62.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share.
PubMatic Stock Down 1.5 %
Shares of PUBM stock traded down $0.33 during trading hours on Thursday, hitting $22.25. 122,921 shares of the company’s stock were exchanged, compared to its average volume of 461,058. The firm has a market cap of $1.11 billion, a P/E ratio of 150.54 and a beta of 1.52. The firm has a 50 day moving average of $22.67 and a two-hundred day moving average of $17.99. PubMatic has a fifty-two week low of $10.92 and a fifty-two week high of $25.36.
Insider Transactions at PubMatic
In related news, insider Paulina Klimenko sold 2,083 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $17.00, for a total value of $35,411.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other PubMatic news, General Counsel Andrew Woods sold 3,220 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.16, for a total value of $74,575.20. Following the completion of the sale, the general counsel now directly owns 21,153 shares in the company, valued at approximately $489,903.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paulina Klimenko sold 2,083 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $17.00, for a total value of $35,411.00. The disclosure for this sale can be found here. Insiders sold a total of 192,063 shares of company stock valued at $4,110,143 in the last three months. 2.90% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
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About PubMatic
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.
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