Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) CFO Sells $24,377.50 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 1,225 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $19.90, for a total transaction of $24,377.50. Following the completion of the transaction, the chief financial officer now directly owns 19,365 shares in the company, valued at approximately $385,363.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 3rd, Steven Pantelick sold 7,846 shares of PubMatic stock. The stock was sold at an average price of $20.64, for a total value of $161,941.44.
• On Monday, April 8th, Steven Pantelick sold 8,876 shares of PubMatic stock. The shares were sold at an average price of $23.71, for a total value of $210,449.96.

PubMatic Price Performance

Shares of PUBM opened at $20.67 on Friday. PubMatic, Inc. has a 1 year low of $10.92 and a 1 year high of $25.36. The stock has a 50 day simple moving average of $21.93 and a two-hundred day simple moving average of $19.90. The firm has a market cap of $1.03 billion, a P/E ratio of 98.43 and a beta of 1.44.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The firm had revenue of $66.70 million during the quarter, compared to analyst estimates of $62.19 million. During the same period in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts anticipate that PubMatic, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. B. Riley assumed coverage on shares of PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Institutional Trading of PubMatic

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP purchased a new position in shares of PubMatic in the third quarter worth about $3,701,000. Dimensional Fund Advisors LP grew its position in PubMatic by 17.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after acquiring an additional 228,190 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in PubMatic by 92.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock worth $10,440,000 after acquiring an additional 211,520 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in PubMatic in the 1st quarter worth approximately $4,711,000. Finally, Russell Investments Group Ltd. lifted its position in PubMatic by 1,073.9% in the first quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock valued at $2,990,000 after purchasing an additional 115,300 shares during the last quarter. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

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.