PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $99,733.28 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Paulina Klimenko sold 4,952 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $20.14, for a total transaction of $99,733.28. Following the sale, the insider now directly owns 6,049 shares of the company’s stock, valued at approximately $121,826.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Paulina Klimenko also recently made the following trade(s):

• On Monday, July 1st, Paulina Klimenko sold 627 shares of PubMatic stock. The shares were sold at an average price of $19.90, for a total transaction of $12,477.30.

PubMatic Stock Down 1.3 %

PubMatic stock opened at $20.03 on Thursday. The firm has a 50-day moving average price of $21.70 and a two-hundred day moving average price of $20.00. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 95.39 and a beta of 1.44. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $25.36.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The company had revenue of $66.70 million during the quarter, compared to analyst estimates of $62.19 million. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS. Research analysts expect that PubMatic, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. B. Riley initiated coverage on shares of PubMatic in a research note on Friday, April 19th. They set a “buy” rating and a $27.00 target price for the company. Two equities 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 $23.00.

Institutional Trading of PubMatic

A number of institutional investors have recently made changes to their positions in PUBM. Wellington Management Group LLP acquired a new stake in shares of PubMatic in the 3rd quarter worth approximately $3,701,000. Dimensional Fund Advisors LP lifted its stake in shares of PubMatic by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after acquiring an additional 228,190 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of PubMatic by 92.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock worth $10,440,000 after acquiring an additional 211,520 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of PubMatic in the 1st quarter worth approximately $4,711,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of PubMatic by 1,073.9% in the 1st quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock worth $2,990,000 after acquiring an additional 115,300 shares during the period. 64.26% of the stock is owned by institutional investors and hedge funds.

About PubMatic

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.