PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $151,480.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,000 shares of the stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total value of $151,480.00. Following the transaction, the insider now owns 30,958 shares of the company’s stock, valued at approximately $669,931.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

PubMatic Stock Performance

Shares of PUBM opened at $21.61 on Friday. The stock’s 50-day simple moving average is $21.05 and its 200 day simple moving average is $16.97. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 144.08 and a beta of 1.52. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $24.18.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.15. The business had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $78.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, research analysts forecast that PubMatic, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of PubMatic

Several institutional investors and hedge funds have recently modified their holdings of PUBM. Ancora Advisors LLC purchased a new stake in shares of PubMatic in the 4th quarter valued at about $26,000. Guinness Atkinson Asset Management Inc raised its holdings in shares of PubMatic by 48.6% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after acquiring an additional 992 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of PubMatic by 225.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,674 shares of the company’s stock valued at $44,000 after acquiring an additional 2,546 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of PubMatic in the 2nd quarter valued at about $46,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of PubMatic in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PUBM. JMP Securities increased their price target on PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 27th. Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 price target on shares of PubMatic in a research note on Monday, March 25th. Finally, B. Riley began coverage on PubMatic in a research note on Friday. They set a “buy” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, PubMatic presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

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.