PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) Chairman Amar K. Goel sold 2,200 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $24.50, for a total value of $53,900.00. Following the completion of the transaction, the chairman now directly owns 2,640 shares of the company's stock, valued at approximately $64,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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 Up 0.1 %
PUBM stock traded up $0.02 during midday trading on Friday, reaching $22.49. The stock had a trading volume of 25,746 shares, compared to its average volume of 460,600. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $25.36. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 149.81 and a beta of 1.52. The company's fifty day simple moving average is $22.70 and its 200 day simple moving average is $18.02.
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PubMatic (NASDAQ:PUBM - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.07. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The firm had revenue of $66.70 million for the quarter, compared to analysts' expectations of $62.19 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The company's revenue was up 20.4% compared to the same quarter last year. Sell-side analysts predict that PubMatic, Inc. will post 0.18 EPS for the current year.
Institutional Investors Weigh In On PubMatic
Several large investors have recently bought and sold shares of PUBM. SG Americas Securities LLC boosted its holdings in shares of PubMatic by 68.3% in the third quarter. SG Americas Securities LLC now owns 16,838 shares of the company's stock valued at $204,000 after acquiring an additional 6,834 shares during the period. Bank of New York Mellon Corp lifted its stake in PubMatic by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 174,092 shares of the company's stock valued at $2,107,000 after buying an additional 1,489 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of PubMatic by 47.7% during the third quarter. Principal Financial Group Inc. now owns 21,608 shares of the company's stock valued at $261,000 after buying an additional 6,981 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in PubMatic by 48.6% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company's stock worth $37,000 after buying an additional 992 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of PubMatic by 14.0% during the 3rd quarter. Versor Investments LP now owns 19,174 shares of the company's stock valued at $232,000 after buying an additional 2,360 shares during the period. Hedge funds and other institutional investors own 64.26% of the company's stock.
Analyst Upgrades and Downgrades
PUBM has been the topic of a number of recent analyst reports. JMP Securities increased their price target on shares of PubMatic from $18.00 to $25.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 27th. Royal Bank of Canada raised their target price on PubMatic from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, B. Riley initiated coverage on PubMatic in a research report on Friday, April 19th. They set a "buy" rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.
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About PubMatic
(
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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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