Amar K. Goel Sells 4,446 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

by · The Cerbat Gem

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) Chairman Amar K. Goel sold 4,446 shares of PubMatic stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $9.31, for a total value of $41,392.26. Following the transaction, the chairman now owns 18,401 shares in the company, valued at $171,313.31. This trade represents a 19.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PubMatic Stock Down 11.1 %

Shares of PUBM stock opened at $8.37 on Friday. The stock has a market cap of $406.17 million, a P/E ratio of 27.00 and a beta of 1.48. The company’s fifty day simple moving average is $12.58 and its two-hundred day simple moving average is $14.31. PubMatic, Inc. has a 52 week low of $8.32 and a 52 week high of $25.36.

PubMatic (NASDAQ:PUBM – Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). The firm had revenue of $85.50 million for the quarter, compared to the consensus estimate of $88.24 million. PubMatic had a net margin of 5.96% and a return on equity of 6.12%. On average, analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PUBM. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a research note on Monday, January 27th. Scotiabank decreased their target price on shares of PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Lake Street Capital reduced their price objective on shares of PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Royal Bank of Canada decreased their price objective on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.89.

Read Our Latest Stock Analysis on PubMatic

Institutional Investors Weigh In On PubMatic

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of PubMatic by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company’s stock valued at $22,531,000 after acquiring an additional 84,317 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of PubMatic by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 961,155 shares of the company’s stock valued at $14,295,000 after purchasing an additional 7,225 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of PubMatic by 19.4% in the 4th quarter. Wellington Management Group LLP now owns 897,970 shares of the company’s stock worth $13,191,000 after purchasing an additional 145,641 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of PubMatic by 1.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 683,064 shares of the company’s stock valued at $10,034,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Nixon Capital LLC raised its holdings in PubMatic by 1.4% during the 4th quarter. Nixon Capital LLC now owns 578,259 shares of the company’s stock valued at $8,518,000 after buying an additional 7,966 shares during the period. Institutional investors own 64.26% of the company’s stock.

PubMatic Company Profile

(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.

Further Reading