The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 12,500 shares of The Rubicon Project stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $9.40, for a total transaction of $117,500.00. Following the completion of the sale, the director now owns 1,247,319 shares of the company’s stock, valued at approximately $11,724,798.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Frank Addante also recently made the following trade(s):
- On Monday, July 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $6.82, for a total transaction of $85,250.00.
- On Monday, June 17th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $5.84, for a total transaction of $73,000.00.
Shares of NYSE:RUBI traded up $0.35 during midday trading on Friday, reaching $9.80. The company had a trading volume of 677,991 shares, compared to its average volume of 764,297. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s fifty day moving average price is $7.83 and its 200-day moving average price is $6.42. The stock has a market capitalization of $500.76 million, a P/E ratio of -11.53 and a beta of 1.70. The Rubicon Project Inc has a one year low of $3.00 and a one year high of $10.40.
The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.06. The business had revenue of $37.87 million during the quarter, compared to analyst estimates of $35.65 million. The Rubicon Project had a negative net margin of 26.05% and a negative return on equity of 19.85%. As a group, sell-side analysts forecast that The Rubicon Project Inc will post -0.54 earnings per share for the current year.
A number of brokerages recently issued reports on RUBI. Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $7.42.
Several large investors have recently modified their holdings of RUBI. Bank of Montreal Can acquired a new position in The Rubicon Project in the second quarter worth $25,000. Aperio Group LLC acquired a new position in The Rubicon Project in the second quarter worth $48,000. Fox Run Management L.L.C. acquired a new position in The Rubicon Project in the second quarter worth $64,000. Marshall Wace North America L.P. acquired a new position in The Rubicon Project in the second quarter worth $65,000. Finally, 361 Capital LLC acquired a new position in The Rubicon Project in the first quarter worth $75,000. Institutional investors and hedge funds own 63.46% of the company’s stock.
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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