PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar K. Goel sold 3,770 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $23.71, for a total value of $89,386.70. Following the completion of the transaction, the chairman now owns 2,640 shares in the company, valued at approximately $62,594.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Amar K. Goel also recently made the following trade(s):
- On Tuesday, March 5th, Amar K. Goel sold 3,454 shares of PubMatic stock. The shares were sold at an average price of $20.69, for a total value of $71,463.26.
PubMatic Trading Down 0.2 %
PUBM stock opened at $23.64 on Wednesday. The company has a market capitalization of $1.18 billion, a P/E ratio of 157.61 and a beta of 1.52. The business has a 50 day simple moving average of $19.95 and a 200-day simple moving average of $16.46. PubMatic, Inc. has a twelve month low of $10.92 and a twelve month high of $24.18.
PubMatic (NASDAQ:PUBM - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The firm had revenue of $84.60 million during the quarter, compared to the consensus estimate of $78.19 million. During the same quarter in the prior year, the firm earned $0.24 EPS. PubMatic's revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts predict that PubMatic, Inc. will post 0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On PubMatic
Have You Seen Elon’s New A.I. Device? (Picture Inside)
From InvestorPlace | Ad
A strange new era for mankind is upon us...
And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day.
Elon believes A.I. is advancing so fast...
This strange new device to protect us against that A.I. threat...
Several hedge funds have recently made changes to their positions in PUBM. Advisor Group Holdings Inc. increased its position in PubMatic by 78.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 10,383 shares of the company's stock valued at $271,000 after acquiring an additional 4,575 shares during the period. Raymond James & Associates grew its stake in shares of PubMatic by 56.1% in the 1st quarter. Raymond James & Associates now owns 53,311 shares of the company's stock valued at $1,392,000 after purchasing an additional 19,153 shares during the last quarter. Citigroup Inc. increased its holdings in shares of PubMatic by 39.9% in the first quarter. Citigroup Inc. now owns 6,605 shares of the company's stock valued at $173,000 after purchasing an additional 1,883 shares during the period. Bank of Montreal Can purchased a new stake in shares of PubMatic during the first quarter worth approximately $1,682,000. Finally, Acadian Asset Management LLC raised its stake in shares of PubMatic by 78.4% during the first quarter. Acadian Asset Management LLC now owns 15,160 shares of the company's stock worth $393,000 after purchasing an additional 6,660 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company's stock.
Analysts Set New Price Targets
PUBM has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $26.00 price objective on shares of PubMatic in a research report on Monday, March 25th. B. Riley lifted 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, February 27th. Finally, JMP Securities upped their price objective on shares of PubMatic from $18.00 to $25.00 and gave the company a "market outperform" rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.20.
View Our Latest Analysis on PUBM
About PubMatic
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
