PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 1,225 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 1,225 shares of PubMatic stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $19.90, for a total transaction of $24,377.50. Following the transaction, the chief financial officer now directly owns 19,365 shares in the company, valued at $385,363.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Pantelick also recently made the following trade(s):

• On Wednesday, July 3rd, Steven Pantelick sold 7,846 shares of PubMatic stock. The shares were sold at an average price of $20.64, for a total transaction of $161,941.44.
• On Monday, April 8th, Steven Pantelick sold 8,876 shares of PubMatic stock. The stock was sold at an average price of $23.71, for a total transaction of $210,449.96.

PubMatic Trading Up 1.1 %

NASDAQ:PUBM opened at $20.67 on Thursday. PubMatic, Inc. has a 12 month low of $10.92 and a 12 month high of $25.36. The firm has a fifty day simple moving average of $21.97 and a 200-day simple moving average of $19.89. The company has a market capitalization of $1.03 billion, a P/E ratio of 98.43 and a beta of 1.44.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The business had revenue of $66.70 million during the quarter, compared to the consensus estimate of $62.19 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts forecast that PubMatic, Inc. will post 0.24 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PUBM. B. Riley began coverage on shares of PubMatic in a report on Friday, April 19th. They issued a “buy” rating and a $27.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of PubMatic by 0.5% during the first quarter. Vanguard Group Inc. now owns 4,254,391 shares of the company’s stock worth $100,914,000 after buying an additional 22,713 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PubMatic by 17.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after buying an additional 228,190 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of PubMatic by 92.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock worth $10,440,000 after buying an additional 211,520 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of PubMatic by 8.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 436,130 shares of the company’s stock worth $7,113,000 after buying an additional 35,286 shares during the period. Finally, Wellington Management Group LLP lifted its position in PubMatic by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 323,397 shares of the company’s stock valued at $5,275,000 after purchasing an additional 17,497 shares during the period. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Company Profile

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.