PubMatic (NASDAQ:PUBM) CEO Sells $396,880.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $9.02, for a total transaction of $396,880.00. The sale was disclosed in a filing with the SEC, which is available through this link.

PubMatic Price Performance

PubMatic stock traded up $0.28 during midday trading on Tuesday, reaching $9.14. 830,429 shares of the company traded hands, compared to its average volume of 642,412. PubMatic, Inc. has a 12 month low of $7.01 and a 12 month high of $17.32. The firm has a market capitalization of $424.28 million, a price-to-earnings ratio of -48.11 and a beta of 1.49. The business has a 50 day moving average of $8.62 and a two-hundred day moving average of $9.92.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Monday, November 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $67.96 million during the quarter, compared to the consensus estimate of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. As a group, equities analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. CenterBook Partners LP boosted its stake in shares of PubMatic by 239.0% in the third quarter. CenterBook Partners LP now owns 748,460 shares of the company’s stock worth $6,197,000 after buying an additional 527,650 shares during the last quarter. Graham Holdings Co raised its holdings in shares of PubMatic by 21.4% during the first quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock valued at $25,880,000 after acquiring an additional 500,000 shares during the last quarter. Nuveen LLC purchased a new position in PubMatic in the 1st quarter valued at $3,963,000. Acadian Asset Management LLC raised its holdings in PubMatic by 483.6% in the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after acquiring an additional 378,714 shares during the last quarter. Finally, UBS Group AG lifted its position in PubMatic by 254.7% during the third quarter. UBS Group AG now owns 422,630 shares of the company’s stock worth $3,499,000 after buying an additional 303,479 shares in the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wolfe Research restated an “outperform” rating and set a $12.00 target price on shares of PubMatic in a research report on Tuesday, November 11th. Evercore ISI raised their price objective on PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. B. Riley boosted their target price on PubMatic from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada decreased their price target on PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Finally, JMP Securities cut their price objective on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.19.

PubMatic Company 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.