PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 1,147 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 1,147 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $14.87, for a total transaction of $17,055.89. Following the sale, the chief financial officer now owns 23,620 shares of the company’s stock, valued at $351,229.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.21, for a total transaction of $60,840.00.
• On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $14.03, for a total value of $56,120.00.

PubMatic Price Performance

Shares of NASDAQ PUBM traded up $0.03 during midday trading on Wednesday, hitting $14.43. The company’s stock had a trading volume of 358,516 shares, compared to its average volume of 483,867. The firm has a market capitalization of $715.44 million, a price-to-earnings ratio of 68.72 and a beta of 1.40. The business’s fifty day simple moving average is $16.02 and its two-hundred day simple moving average is $19.99. PubMatic, Inc. has a 1 year low of $10.92 and a 1 year high of $25.36.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $67.27 million during the quarter, compared to the consensus estimate of $70.07 million. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts anticipate that PubMatic, Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PUBM shares. Raymond James downgraded PubMatic from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Jefferies Financial Group decreased their target price on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. B. Riley dropped their price target on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research started coverage on shares of PubMatic in a report on Tuesday, July 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, Royal Bank of Canada dropped their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

Institutional Investors Weigh In On PubMatic

Hedge funds have recently bought and sold shares of the stock. Redwood Wealth Management Group LLC acquired a new stake in PubMatic in the second quarter valued at approximately $29,000. Price T Rowe Associates Inc. MD raised its holdings in shares of PubMatic by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after purchasing an additional 1,561 shares in the last quarter. Empowered Funds LLC lifted its position in shares of PubMatic by 9.1% during the 1st quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock worth $465,000 after purchasing an additional 1,632 shares during the last quarter. Versor Investments LP lifted its position in shares of PubMatic by 8.2% during the 2nd quarter. Versor Investments LP now owns 22,186 shares of the company’s stock worth $451,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of PubMatic during the second quarter worth $38,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.