Rajeev K. Goel Sells 98,600 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) CEO Rajeev K. Goel sold 98,600 shares of PubMatic stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $20.70, for a total transaction of $2,041,020.00. Following the sale, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at $155,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PubMatic Stock Performance

Shares of NASDAQ PUBM traded down $1.30 during midday trading on Wednesday, hitting $19.18. 1,233,222 shares of the company traded hands, compared to its average volume of 470,763. The firm has a market cap of $973.58 million, a P/E ratio of 127.88 and a beta of 1.35. PubMatic, Inc. has a 12-month low of $10.92 and a 12-month high of $21.83. The stock has a 50-day moving average price of $15.82 and a 200 day moving average price of $14.45.

PubMatic (NASDAQ:PUBMGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $78.19 million. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts expect that PubMatic, Inc. will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUBM. Ancora Advisors LLC bought a new position in PubMatic during the fourth quarter valued at $26,000. Guinness Atkinson Asset Management Inc increased its position in PubMatic by 48.6% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after purchasing an additional 992 shares during the period. Tower Research Capital LLC TRC grew its position in shares of PubMatic by 225.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,674 shares of the company’s stock worth $44,000 after buying an additional 2,546 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of PubMatic in the 2nd quarter worth approximately $46,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of PubMatic in the 4th quarter worth approximately $65,000. Institutional investors own 39.80% of the company’s stock.

Wall Street Analysts Forecast Growth

PUBM has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price objective on shares of PubMatic from $19.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday. Raymond James lowered their price target on shares of PubMatic from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. B. Riley boosted their price target on shares of PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet raised shares of PubMatic from a “d” rating to a “c-” rating in a research note on Friday, December 8th. Finally, JMP Securities boosted their price objective on shares of PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Check Out Our Latest Research Report on PUBM

PubMatic Company Profile

(Get Free Report)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides custom management tools and performance optimization insights; Openwrap OTT, a prebid-powered unified bidding solution; and Openwrap SDK, an enterprise-grade management tools and analytics.

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Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

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