Bayesian Capital Management LP Has $221,000 Stake in PubMatic, Inc. (NASDAQ:PUBM)

Bayesian Capital Management LP decreased its position in PubMatic, Inc. (NASDAQ:PUBM) by 32.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,336 shares of the company’s stock after selling 4,500 shares during the period. Bayesian Capital Management LP’s holdings in PubMatic were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PUBM. Dimensional Fund Advisors LP raised 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 valued at $25,366,000 after purchasing an additional 228,190 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in shares of PubMatic in the first quarter valued at about $4,711,000. Russell Investments Group Ltd. increased its position in shares of PubMatic by 1,073.9% in the first quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock valued at $2,990,000 after acquiring an additional 115,300 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of PubMatic by 139.3% in the fourth quarter. Panagora Asset Management Inc. now owns 150,219 shares of the company’s stock valued at $2,450,000 after acquiring an additional 87,435 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of PubMatic in the first quarter valued at about $1,412,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Insider Transactions at PubMatic

In related news, Chairman Amar K. Goel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $24.50, for a total value of $49,000.00. Following the completion of the sale, the chairman now directly owns 2,640 shares in the company, valued at $64,680. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Chairman Amar K. Goel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $24.50, for a total value of $49,000.00. Following the completion of the sale, the chairman now directly owns 2,640 shares in the company, valued at $64,680. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Steven Pantelick sold 7,846 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $20.64, for a total value of $161,941.44. Following the completion of the sale, the chief financial officer now owns 22,506 shares of the company’s stock, valued at $464,523.84. The disclosure for this sale can be found here. Insiders sold a total of 94,524 shares of company stock worth $1,980,099 over the last quarter. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

PUBM has been the topic of a number of recent research reports. Wolfe Research initiated coverage on PubMatic in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $25.00 target price on the stock. B. Riley initiated coverage on PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada boosted their price target on PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, PubMatic presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

PubMatic Stock Down 3.6 %

Shares of NASDAQ:PUBM opened at $21.17 on Friday. PubMatic, Inc. has a 12-month low of $10.92 and a 12-month high of $25.36. The stock has a market cap of $1.06 billion, a PE ratio of 100.81 and a beta of 1.44. The business has a 50 day moving average of $21.21 and a 200-day moving average of $20.61.

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

PubMatic 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.