PubMatic, Inc. (NASDAQ:PUBM) Insider Mukul Kumar Sells 5,401 Shares

by · The Cerbat Gem

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 5,401 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total transaction of $50,283.31. Following the sale, the insider now directly owns 60,465 shares of the company’s stock, valued at $562,929.15. The trade was a 8.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mukul Kumar also recently made the following trade(s):

  • On Monday, February 10th, Mukul Kumar sold 7,000 shares of PubMatic stock. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00.

PubMatic Stock Down 11.1 %

PUBM stock traded down $1.05 during midday trading on Thursday, reaching $8.37. The company had a trading volume of 755,957 shares, compared to its average volume of 444,993. The stock has a 50 day moving average price of $12.58 and a 200 day moving average price of $14.31. The firm has a market capitalization of $406.17 million, a PE ratio of 27.00 and a beta of 1.48. PubMatic, Inc. has a fifty-two week low of $8.33 and a fifty-two week high of $25.36.

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

Analyst Ratings Changes

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

Check Out Our Latest Research Report on PubMatic

Institutional Trading of PubMatic

Several hedge funds have recently bought and sold shares of PUBM. SBI Securities Co. Ltd. bought a new position in PubMatic in the 4th quarter worth about $27,000. Cubist Systematic Strategies LLC acquired a new position in shares of PubMatic during the fourth quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PubMatic during the fourth quarter worth approximately $57,000. FMR LLC grew its holdings in PubMatic by 201.6% in the 3rd quarter. FMR LLC now owns 4,053 shares of the company’s stock worth $60,000 after buying an additional 2,709 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in PubMatic by 75.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company’s stock valued at $77,000 after acquiring an additional 2,240 shares during the period. 64.26% of the stock is currently owned by institutional investors.

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.

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