Key Points
- PubMatic CFO Steven Pantelick sold 50,000 shares at an average $18.71, receiving $935,500. The sale reduced his stake by 82.85%, leaving him with 10,353 shares.
- PUBM shares rose $1.59 to $20.61 on Friday, near their 52-week high of $20.81.
- Analyst sentiment was largely positive: 12 analysts rated the stock Buy, and its consensus rating was Moderate Buy, with an average price target of $21.
PubMatic, Inc. (NASDAQ:PUBM - Get Free Report) CFO Steven Pantelick sold 50,000 shares of the company's stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $18.71, for a total transaction of $935,500.00. Following the transaction, the chief financial officer owned 10,353 shares in the company, valued at $193,704.63. This represents a 82.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Steven Pantelick also recently made the following trade(s):
- On Monday, October 5th, Steven Pantelick sold 22,173 shares of PubMatic stock. The stock was sold at an average price of $18.66, for a total transaction of $413,748.18.
- On Friday, October 2nd, Steven Pantelick sold 23,491 shares of PubMatic stock. The shares were sold at an average price of $18.97, for a total value of $445,624.27.
PubMatic Price Performance
Shares of PUBM traded up $1.59 during trading hours on Friday, hitting $20.61. The stock had a trading volume of 1,953,587 shares, compared to its average volume of 586,811. PubMatic, Inc. has a 1-year low of $6.15 and a 1-year high of $20.81. The firm has a market capitalization of $938.79 million, a P/E ratio of -412.12 and a beta of 1.59. The firm has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $12.58.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of PubMatic during the third quarter valued at about $39,000. State of Wyoming bought a new stake in shares of PubMatic during the first quarter worth about $61,000. Versant Capital Management Inc increased its position in shares of PubMatic by 30.4% during the second quarter. Versant Capital Management Inc now owns 10,657 shares of the company's stock worth $140,000 after acquiring an additional 2,482 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of PubMatic during the third quarter worth about $252,000. Finally, Sei Investments Co. acquired a new stake in shares of PubMatic in the 1st quarter worth about $129,000. 64.26% of the stock is owned by institutional investors.
Analyst Ratings Changes
PUBM has been the topic of several recent research reports. B. Riley Financial increased their price target on PubMatic from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, November 10th. 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. UBS Group restated a "buy" rating on shares of PubMatic in a report on Tuesday, November 10th. Craig Hallum assumed coverage on PubMatic in a research report on Thursday, September 24th. They set a "buy" rating and a $24.00 target price on the stock. Finally, Rosenblatt Securities increased their target price on PubMatic from $23.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, November 10th. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PubMatic currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.
Get Our Latest Analysis on PUBM
PubMatic Company Profile
(
Get Free Report)
PubMatic is a digital advertising technology company that operates a sell-side platform for publishers and app developers. Its cloud-based platform helps clients manage and monetize advertising inventory by connecting it with demand from advertisers and media buyers through programmatic advertising. The company's services support advertising across web, mobile app, video and connected TV environments. Its tools include real-time bidding, inventory management, audience and data solutions, and analytics designed to help publishers optimize advertising revenue and give buyers access to digital audiences.
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