XTX Topco Ltd Acquires Shares of 15,510 PubMatic, Inc. (NASDAQ:PUBM)

XTX Topco Ltd bought a new position in shares of PubMatic, Inc. (NASDAQ:PUBM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,510 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also made changes to their positions in PUBM. Pitcairn Co. increased its stake in PubMatic by 7.3% in the 4th quarter. Pitcairn Co. now owns 21,654 shares of the company’s stock worth $318,000 after buying an additional 1,477 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of PubMatic during the fourth quarter worth approximately $27,000. Principal Financial Group Inc. raised its stake in shares of PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company’s stock valued at $370,000 after acquiring an additional 2,234 shares in the last quarter. American Century Companies Inc. raised its stake in shares of PubMatic by 0.9% during the fourth quarter. American Century Companies Inc. now owns 271,864 shares of the company’s stock valued at $3,994,000 after acquiring an additional 2,461 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of PubMatic by 5.7% in the fourth quarter. Russell Investments Group Ltd. now owns 47,062 shares of the company’s stock valued at $691,000 after purchasing an additional 2,528 shares during the period. 64.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on PUBM shares. Scotiabank reduced their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada cut their price target on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a research note on Monday, January 27th. Finally, Lake Street Capital cut their target price on shares of PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.89.

PubMatic Price Performance

PUBM opened at $9.96 on Friday. The firm has a market capitalization of $483.33 million, a PE ratio of 32.13 and a beta of 1.50. The business’s 50-day moving average is $10.07 and its two-hundred day moving average is $13.59. PubMatic, Inc. has a 1 year low of $7.46 and a 1 year high of $25.36.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The firm had revenue of $85.50 million for the quarter, compared to the consensus estimate of $88.24 million. As a group, sell-side analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Insider Transactions at PubMatic

In other PubMatic news, CEO Rajeev K. Goel sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.14, for a total value of $228,500.00. Following the completion of the sale, the chief executive officer now owns 32,304 shares of the company’s stock, valued at approximately $295,258.56. This trade represents a 43.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Pantelick sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.14, for a total value of $60,560.00. Following the sale, the chief financial officer now owns 22,506 shares in the company, valued at $340,740.84. The trade was a 15.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,210 shares of company stock valued at $1,028,124. Corporate insiders own 2.90% 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.