PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 4,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $14.45, for a total value of $57,800.00. Following the sale, the chief financial officer now directly owns 22,506 shares of the company’s stock, valued at approximately $325,211.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Steven Pantelick also recently made the following trade(s):

• On Thursday, October 3rd, Steven Pantelick sold 12,831 shares of PubMatic stock. The stock was sold at an average price of $14.31, for a total value of $183,611.61.
• On Tuesday, October 1st, Steven Pantelick sold 1,147 shares of PubMatic stock. The shares were sold at an average price of $14.87, for a total value of $17,055.89.
• On Tuesday, September 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was sold at an average price of $15.21, for a total transaction of $60,840.00.
• On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $14.03, for a total transaction of $56,120.00.

PubMatic Price Performance

Shares of PUBM stock opened at $15.84 on Thursday. PubMatic, Inc. has a 1-year low of $11.79 and a 1-year high of $25.36. The company has a market cap of $785.35 million, a price-to-earnings ratio of 44.00 and a beta of 1.39. The stock has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $18.60.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The company had revenue of $67.27 million during the quarter, compared to analysts’ expectations of $70.07 million. During the same period in the prior year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts anticipate that PubMatic, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Founders Capital Management increased its stake in PubMatic by 100.0% during the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in shares of PubMatic during the second quarter worth approximately $29,000. Price T Rowe Associates Inc. MD raised its stake in PubMatic by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after purchasing an additional 1,561 shares during the last quarter. Empowered Funds LLC raised its stake in PubMatic by 9.1% in the 1st quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock valued at $465,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Versor Investments LP lifted its holdings in PubMatic by 8.2% in the 2nd quarter. Versor Investments LP now owns 22,186 shares of the company’s stock valued at $451,000 after purchasing an additional 1,677 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Macquarie lowered their price target on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada dropped their target price on PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Jefferies Financial Group lowered their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, Wolfe Research started coverage on shares of PubMatic in a research note on Tuesday, July 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

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.