Insider Selling: The Rubicon Project Inc (RUBI) CFO Sells 25,256 Shares of Stock

The Rubicon Project Inc (NYSE:RUBI) CFO David Day sold 25,256 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $6.22, for a total transaction of $157,092.32. Following the completion of the transaction, the chief financial officer now directly owns 305,841 shares in the company, valued at approximately $1,902,331.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David Day also recently made the following trade(s):

  • On Monday, March 18th, David Day sold 55,837 shares of The Rubicon Project stock. The stock was sold at an average price of $6.86, for a total transaction of $383,041.82.

RUBI traded up $0.04 during trading hours on Friday, hitting $6.24. The company’s stock had a trading volume of 773,300 shares, compared to its average volume of 692,646. The Rubicon Project Inc has a 12 month low of $2.19 and a 12 month high of $7.50. The stock has a market capitalization of $330.85 million, a PE ratio of -7.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.25.

The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Wednesday, May 1st. The software maker reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. The company had revenue of $32.42 million for the quarter, compared to analysts’ expectations of $31.20 million. As a group, research analysts forecast that The Rubicon Project Inc will post -0.66 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. B. Riley assumed coverage on shares of The Rubicon Project in a research report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Zacks Investment Research cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The Rubicon Project has an average rating of “Buy” and a consensus target price of $7.00.

A number of hedge funds have recently bought and sold shares of the business. Bailard Inc. bought a new position in shares of The Rubicon Project in the first quarter worth about $86,000. Intrinsic Edge Capital Management LLC grew its holdings in shares of The Rubicon Project by 140.5% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 481,050 shares of the software maker’s stock worth $1,794,000 after purchasing an additional 281,050 shares during the last quarter. Virtu Financial LLC bought a new position in shares of The Rubicon Project in the fourth quarter worth about $114,000. Royce & Associates LP grew its holdings in shares of The Rubicon Project by 5.4% in the fourth quarter. Royce & Associates LP now owns 1,826,272 shares of the software maker’s stock worth $6,812,000 after purchasing an additional 94,000 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of The Rubicon Project by 14.2% in the third quarter. Vanguard Group Inc now owns 2,105,373 shares of the software maker’s stock worth $7,580,000 after purchasing an additional 261,187 shares during the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.

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About The Rubicon Project

The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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Insider Buying and Selling by Quarter for The Rubicon Project (NYSE:RUBI)

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