PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev K. Goel Sells 44,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev K. Goel sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $12.80, for a total value of $563,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Rajeev K. Goel also recently made the following trade(s):

• On Monday, July 7th, Rajeev K. Goel sold 44,000 shares of PubMatic stock. The shares were sold at an average price of $12.53, for a total value of $551,320.00.
• On Monday, June 23rd, Rajeev K. Goel sold 44,000 shares of PubMatic stock. The stock was sold at an average price of $11.02, for a total value of $484,880.00.

PubMatic Trading Up 1.7%

PUBM stock opened at $12.68 on Thursday. The firm has a market cap of $615.36 million, a PE ratio of 158.52 and a beta of 1.54. PubMatic, Inc. has a 1-year low of $7.46 and a 1-year high of $22.99. The business’s 50-day moving average price is $11.95 and its two-hundred day moving average price is $11.89.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.18). PubMatic had a return on equity of 1.99% and a net margin of 1.90%. The company had revenue of $63.83 million during the quarter, compared to analysts’ expectations of $62.07 million. During the same period last year, the company earned ($0.05) earnings per share. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, analysts forecast that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Graham Holdings Co boosted its holdings in PubMatic by 21.4% in the 1st quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock valued at $25,880,000 after purchasing an additional 500,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PubMatic by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,533,718 shares of the company’s stock worth $22,531,000 after buying an additional 84,317 shares during the period. Wellington Management Group LLP lifted its holdings in shares of PubMatic by 20.0% during the first quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company’s stock valued at $9,852,000 after acquiring an additional 179,951 shares during the period. Jacobs Levy Equity Management Inc. increased its position in PubMatic by 1.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 683,064 shares of the company’s stock worth $10,034,000 after purchasing an additional 6,600 shares during the period. Finally, Nixon Capital LLC lifted its holdings in shares of PubMatic by 8.7% during the 1st quarter. Nixon Capital LLC now owns 628,753 shares of the company’s stock valued at $5,747,000 after purchasing an additional 50,494 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada decreased their target price on PubMatic from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Lake Street Capital decreased their price target on PubMatic from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PubMatic presently has a consensus rating of “Moderate Buy” and an average target price of $18.38.

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.