Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) CFO Sells 12,061 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 12,061 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $112,287.91. Following the completion of the transaction, the chief financial officer now directly owns 41,410 shares of the company’s stock, valued at approximately $385,527.10. This trade represents a 22.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.14, for a total transaction of $60,560.00.

PubMatic Trading Down 11.1 %

NASDAQ PUBM traded down $1.05 on Thursday, hitting $8.37. 755,957 shares of the company traded hands, compared to its average volume of 444,993. The business’s 50 day moving average price is $12.58 and its 200-day moving average price is $14.31. PubMatic, Inc. has a 52-week low of $8.33 and a 52-week high of $25.36. The company has a market capitalization of $406.17 million, a price-to-earnings ratio of 27.00 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The company had revenue of $85.50 million for the quarter, compared to analysts’ expectations of $88.24 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. As a group, sell-side analysts predict that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On PubMatic

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of PubMatic by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company’s stock valued at $22,531,000 after purchasing an additional 84,317 shares during the period. Geode Capital Management LLC increased its stake in PubMatic by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 961,155 shares of the company’s stock worth $14,295,000 after buying an additional 7,225 shares in the last quarter. Wellington Management Group LLP raised its holdings in PubMatic by 19.4% during the fourth quarter. Wellington Management Group LLP now owns 897,970 shares of the company’s stock valued at $13,191,000 after acquiring an additional 145,641 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of PubMatic by 1.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 683,064 shares of the company’s stock valued at $10,034,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Nixon Capital LLC boosted its stake in shares of PubMatic by 1.4% in the fourth quarter. Nixon Capital LLC now owns 578,259 shares of the company’s stock worth $8,518,000 after acquiring an additional 7,966 shares during the period. 64.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Lake Street Capital dropped their price target on PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Scotiabank reduced their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Royal Bank of Canada lowered their target price on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.89.

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.