PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CAO Lisa Gimbel sold 1,396 shares of the company's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.04, for a total transaction of $23,787.84. Following the transaction, the chief accounting officer owned 16,927 shares of the company's stock, valued at $288,436.08. This represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Lisa Gimbel also recently made the following trade(s):
- On Wednesday, August 12th, Lisa Gimbel sold 500 shares of PubMatic stock. The shares were sold at an average price of $17.50, for a total transaction of $8,750.00.
PubMatic Stock Up 0.5%
PUBM stock opened at $17.36 on Wednesday. The stock has a market capitalization of $790.75 million, a P/E ratio of -57.86 and a beta of 1.54. The firm has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $10.42. PubMatic, Inc. has a 52 week low of $6.15 and a 52 week high of $18.44.
PubMatic (NASDAQ:PUBM - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.15. The firm had revenue of $78.59 million for the quarter, compared to analyst estimates of $68.95 million. PubMatic had a negative net margin of 4.66% and a negative return on equity of 5.41%. On average, analysts expect that PubMatic, Inc. will post -0.26 earnings per share for the current year.
Analyst Ratings Changes
PUBM has been the topic of several research reports. Citigroup restated an "outperform" rating on shares of PubMatic in a research report on Friday, August 7th. Citizens Jmp increased their price objective on PubMatic from $12.00 to $20.00 and gave the company a "market outperform" rating in a research note on Friday, August 7th. Raymond James Financial raised PubMatic from a "market perform" rating to an "outperform" rating and set a $22.00 price objective for the company in a research note on Friday, August 7th. Jefferies Financial Group lifted their target price on shares of PubMatic from $10.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial reaffirmed a "buy" rating on shares of PubMatic in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.25.
Read Our Latest Stock Analysis on PubMatic
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in shares of PubMatic in the fourth quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd lifted its position in PubMatic by 75.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,449 shares of the company's stock worth $39,000 after buying an additional 1,915 shares in the last quarter. State of Wyoming purchased a new position in PubMatic during the first quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its stake in PubMatic by 264.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company's stock worth $61,000 after buying an additional 3,541 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in PubMatic by 120.8% during the third quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company's stock worth $73,000 after buying an additional 4,856 shares during the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.
PubMatic Company Profile
(
Get Free Report)
PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.
Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.
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