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

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $15.14, for a total value of $60,560.00. Following the transaction, the chief financial officer now owns 22,506 shares of the company’s stock, valued at $340,740.84. The trade was a 15.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 2nd, Steven Pantelick sold 10,040 shares of PubMatic stock. The shares were sold at an average price of $14.84, for a total value of $148,993.60.
• On Tuesday, December 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $16.56, for a total transaction of $66,240.00.

PubMatic Price Performance

Shares of PUBM opened at $15.58 on Thursday. The firm has a market capitalization of $744.26 million, a P/E ratio of 50.26 and a beta of 1.41. PubMatic, Inc. has a one year low of $13.18 and a one year high of $25.36. The business has a fifty day moving average of $15.40 and a 200 day moving average of $15.72.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PUBM. Scotiabank began coverage on shares of PubMatic in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $17.00 target price on the stock. Royal Bank of Canada lowered their price objective on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Evercore ISI increased their target price on PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Macquarie reaffirmed a “neutral” rating and set a $19.00 price target on shares of PubMatic in a report on Thursday, November 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, PubMatic currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Institutional Investors Weigh In On PubMatic

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of PubMatic by 222.8% in the 3rd quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock worth $11,187,000 after purchasing an additional 519,275 shares during the period. Millennium Management LLC purchased a new stake in PubMatic during the second quarter valued at approximately $6,582,000. Avestar Capital LLC bought a new position in PubMatic in the fourth quarter worth approximately $4,701,000. Nordea Investment Management AB boosted its stake in shares of PubMatic by 377.4% during the 4th quarter. Nordea Investment Management AB now owns 340,544 shares of the company’s stock worth $5,101,000 after acquiring an additional 269,217 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of PubMatic by 122.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company’s stock valued at $6,466,000 after acquiring an additional 239,406 shares during the period. 64.26% of the stock is currently owned by 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.