PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel Sells 1,378 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $14.60, for a total value of $20,118.80. Following the completion of the sale, the chief accounting officer now owns 3,846 shares in the company, valued at $56,151.60. This represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The shares were sold at an average price of $15.83, for a total value of $14,247.00.

PubMatic Stock Up 5.5 %

PUBM opened at $15.49 on Wednesday. The firm’s 50 day moving average is $14.95 and its 200-day moving average is $18.09. PubMatic, Inc. has a 52-week low of $13.18 and a 52-week high of $25.36. The firm has a market capitalization of $768.06 million, a P/E ratio of 49.97 and a beta of 1.39.

Institutional Investors Weigh In On PubMatic

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of PubMatic during the first quarter valued at about $107,000. Sei Investments Co. purchased a new stake in PubMatic during the 1st quarter worth approximately $572,000. Russell Investments Group Ltd. increased its holdings in PubMatic by 1,073.9% during the 1st quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock worth $2,990,000 after purchasing an additional 115,300 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PubMatic by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,254,391 shares of the company’s stock valued at $100,914,000 after buying an additional 22,713 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of PubMatic by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock worth $530,000 after buying an additional 1,561 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on PUBM shares. Evercore ISI upped their price target on shares of PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Macquarie reaffirmed a “neutral” rating and issued a $19.00 target price on shares of PubMatic in a research report on Thursday, November 14th. B. Riley lowered their price target on PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group cut their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Finally, Raymond James lowered PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

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.