PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 850 Shares

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) CFO Steven Pantelick sold 850 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $23.64, for a total value of $20,094.00. Following the completion of the transaction, the chief financial officer now owns 14,066 shares of the company’s stock, valued at $332,520.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

PubMatic Price Performance

PUBM opened at $23.62 on Wednesday. The business has a 50 day simple moving average of $19.14 and a two-hundred day simple moving average of $16.05. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 157.48 and a beta of 1.52. PubMatic, Inc. has a one year low of $10.92 and a one year high of $24.17.

PubMatic (NASDAQ:PUBMGet Free Report) last released its quarterly earnings results on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $84.60 million during the quarter, compared to analyst estimates of $78.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. PubMatic’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, sell-side analysts expect that PubMatic, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PUBM. The Manufacturers Life Insurance Company purchased a new stake in shares of PubMatic in the 1st quarter worth approximately $21,971,000. State Street Corp grew its stake in shares of PubMatic by 471.4% in the 2nd quarter. State Street Corp now owns 753,049 shares of the company’s stock worth $11,966,000 after buying an additional 621,258 shares during the last quarter. BlackRock Inc. grew its stake in shares of PubMatic by 19.8% in the 2nd quarter. BlackRock Inc. now owns 3,311,217 shares of the company’s stock worth $60,529,000 after buying an additional 546,233 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in PubMatic by 59.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 957,741 shares of the company’s stock valued at $13,235,000 after purchasing an additional 356,107 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in PubMatic by 462.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 412,626 shares of the company’s stock valued at $10,778,000 after purchasing an additional 339,233 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

Analysts Set New Price Targets

PUBM has been the subject of a number of research reports. B. Riley upped their price objective on PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. TheStreet raised PubMatic from a “d” rating to a “c-” rating in a research note on Friday, December 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of PubMatic in a research note on Monday, March 25th. Finally, JMP Securities boosted their target price on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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PubMatic Company Profile

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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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Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

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