PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods Sells 3,529 Shares

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 3,529 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total transaction of $52,370.36. Following the completion of the transaction, the general counsel now owns 34,702 shares in the company, valued at $514,977.68. This represents a 9.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PubMatic Trading Up 3.4 %

Shares of PUBM stock traded up $0.50 during trading hours on Friday, reaching $15.33. 271,287 shares of the stock were exchanged, compared to its average volume of 258,891. The firm has a market capitalization of $732.27 million, a price-to-earnings ratio of 49.45 and a beta of 1.40. PubMatic, Inc. has a 12-month low of $13.18 and a 12-month high of $25.36. The company’s 50-day moving average price is $15.68 and its 200-day moving average price is $16.67.

Analyst Ratings Changes

A number of analysts recently commented on PUBM shares. Evercore ISI raised their price target on PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Macquarie restated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a report on Thursday, November 14th. Royal Bank of Canada lowered their target price on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday. Finally, Scotiabank assumed coverage on shares of PubMatic in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $17.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.63.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Redwood Wealth Management Group LLC purchased a new stake in shares of PubMatic during the second quarter valued at $29,000. Founders Capital Management boosted its position in PubMatic by 100.0% in the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Headlands Technologies LLC bought a new position in PubMatic in the 2nd quarter worth about $38,000. New York State Teachers Retirement System purchased a new position in shares of PubMatic during the third quarter worth approximately $51,000. Finally, FMR LLC raised its stake in shares of PubMatic by 201.6% during the third quarter. FMR LLC now owns 4,053 shares of the company’s stock valued at $60,000 after acquiring an additional 2,709 shares in the last quarter. Institutional investors own 64.26% 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.