Joseph R. Prusz Sells 8,586 Shares of The Rubicon Project Inc (NYSE:RUBI) Stock

The Rubicon Project Inc (NYSE:RUBI) CRO Joseph R. Prusz sold 8,586 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.43, for a total transaction of $46,621.98. Following the transaction, the executive now owns 431,649 shares in the company, valued at $2,343,854.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of RUBI opened at $5.17 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. The firm’s 50-day moving average is $5.68 and its two-hundred day moving average is $8.00. The Rubicon Project Inc has a twelve month low of $4.09 and a twelve month high of $13.11. The firm has a market capitalization of $563.26 million, a P/E ratio of -12.02 and a beta of 1.70.

The Rubicon Project (NYSE:RUBI) last issued its earnings results on Wednesday, May 6th. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.08. The Rubicon Project had a negative net margin of 14.10% and a negative return on equity of 14.34%. The company had revenue of $36.30 million for the quarter, compared to analyst estimates of $35.22 million. Analysts predict that The Rubicon Project Inc will post -0.48 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in RUBI. Granahan Investment Management Inc. MA lifted its holdings in shares of The Rubicon Project by 196.1% in the first quarter. Granahan Investment Management Inc. MA now owns 3,314,864 shares of the software maker’s stock valued at $18,397,000 after purchasing an additional 2,195,260 shares in the last quarter. Portsea Asset Management LLP purchased a new stake in shares of The Rubicon Project in the first quarter valued at about $8,314,000. Wellington Management Group LLP lifted its holdings in shares of The Rubicon Project by 55.2% in the first quarter. Wellington Management Group LLP now owns 2,480,875 shares of the software maker’s stock valued at $13,769,000 after purchasing an additional 882,840 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of The Rubicon Project by 110.0% in the first quarter. Geode Capital Management LLC now owns 1,331,982 shares of the software maker’s stock valued at $7,392,000 after purchasing an additional 697,788 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of The Rubicon Project in the first quarter valued at about $3,411,000. 73.96% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on RUBI shares. SunTrust Banks dropped their price target on shares of The Rubicon Project from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, April 3rd. B. Riley dropped their price target on shares of The Rubicon Project from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Craig Hallum dropped their price target on shares of The Rubicon Project from $14.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Zacks Investment Research lowered shares of The Rubicon Project from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The Rubicon Project currently has an average rating of “Buy” and an average target price of $10.10.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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Insider Buying and Selling by Quarter for The Rubicon Project (NYSE:RUBI)

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