Steven Pantelick Sells 1,147 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

by · The Cerbat Gem

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CFO Steven Pantelick sold 1,147 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $14.87, for a total transaction of $17,055.89. Following the completion of the sale, the chief financial officer now directly owns 23,620 shares of the company’s stock, valued at approximately $351,229.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Steven Pantelick also recently made the following trade(s):

  • On Thursday, October 3rd, Steven Pantelick sold 12,831 shares of PubMatic stock. The stock was sold at an average price of $14.31, for a total value of $183,611.61.
  • On Tuesday, September 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $15.21, for a total value of $60,840.00.
  • On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $14.03, for a total value of $56,120.00.

PubMatic Stock Performance

PubMatic stock opened at $14.77 on Friday. PubMatic, Inc. has a 52 week low of $10.92 and a 52 week high of $25.36. The firm has a market capitalization of $737.48 million, a price-to-earnings ratio of 70.33 and a beta of 1.39. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $19.95.

PubMatic (NASDAQ:PUBM – Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $67.27 million during the quarter, compared to analysts’ expectations of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. PubMatic’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. Equities analysts forecast that PubMatic, Inc. will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PubMatic

Large investors have recently made changes to their positions in the business. Redwood Wealth Management Group LLC acquired a new stake in shares of PubMatic during the second quarter worth approximately $29,000. Price T Rowe Associates Inc. MD grew its holdings in shares of PubMatic by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after acquiring an additional 1,561 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of PubMatic by 9.1% during the first quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock worth $465,000 after acquiring an additional 1,632 shares in the last quarter. Versor Investments LP boosted its position in PubMatic by 8.2% during the second quarter. Versor Investments LP now owns 22,186 shares of the company’s stock valued at $451,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in PubMatic in the second quarter valued at about $38,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Macquarie cut their target price on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. B. Riley reduced their target price on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 9th. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group reduced their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Check Out Our Latest Research Report on PubMatic

About PubMatic

(Get Free Report)

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.

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