PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CFO Steven Pantelick sold 1,147 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $14.87, for a total transaction of $17,055.89. Following the completion of the sale, the chief financial officer now directly owns 23,620 shares of the company’s stock, valued at approximately $351,229.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Steven Pantelick also recently made the following trade(s):
- On Thursday, October 3rd, Steven Pantelick sold 12,831 shares of PubMatic stock. The stock was sold at an average price of $14.31, for a total value of $183,611.61.
- On Tuesday, September 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.21, for a total value of $60,840.00.
- On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $14.03, for a total value of $56,120.00.
PubMatic Stock Performance
PubMatic stock opened at $14.77 on Friday. PubMatic, Inc. has a 52 week low of $10.92 and a 52 week high of $25.36. The firm has a market capitalization of $737.48 million, a price-to-earnings ratio of 70.33 and a beta of 1.39. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $19.95.
Hedge Funds Weigh In On PubMatic
Large investors have recently made changes to their positions in the business. Redwood Wealth Management Group LLC acquired a new stake in shares of PubMatic during the second quarter worth approximately $29,000. Price T Rowe Associates Inc. MD grew its holdings in shares of PubMatic by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after acquiring an additional 1,561 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of PubMatic by 9.1% during the first quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock worth $465,000 after acquiring an additional 1,632 shares in the last quarter. Versor Investments LP boosted its position in PubMatic by 8.2% during the second quarter. Versor Investments LP now owns 22,186 shares of the company’s stock valued at $451,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in PubMatic in the second quarter valued at about $38,000. Institutional investors and hedge funds own 64.26% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Macquarie cut their target price on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley reduced their target price on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 9th. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group reduced their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and an average target price of $21.00.
Check Out Our Latest Research Report on PubMatic
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.
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