PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev K. Goel Sells 19,892 Shares

by · The Cerbat Gem

PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CEO Rajeev K. Goel sold 19,892 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $14.44, for a total value of $287,240.48. Following the completion of the transaction, the chief executive officer now owns 4,330 shares in the company, valued at $62,525.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Rajeev K. Goel also recently made the following trade(s):

  • On Tuesday, October 1st, Rajeev K. Goel sold 25,000 shares of PubMatic stock. The stock was sold at an average price of $14.46, for a total value of $361,500.00.

PubMatic Trading Up 6.7 %

NASDAQ PUBM traded up $1.00 during trading on Wednesday, hitting $15.84. 413,709 shares of the company’s stock were exchanged, compared to its average volume of 460,472. PubMatic, Inc. has a fifty-two week low of $11.79 and a fifty-two week high of $25.36. The company has a market cap of $785.35 million, a PE ratio of 44.00 and a beta of 1.39. The stock’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $18.60.

PubMatic (NASDAQ:PUBM – Get Free Report) last announced 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 firm had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. Analysts forecast that PubMatic, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PUBM. Zions Bancorporation N.A. lifted its holdings in shares of PubMatic by 18.9% in the third quarter. Zions Bancorporation N.A. now owns 73,343 shares of the company’s stock valued at $1,091,000 after purchasing an additional 11,644 shares in the last quarter. Victory Capital Management Inc. lifted its stake in PubMatic by 99.2% in the third quarter. Victory Capital Management Inc. now owns 72,083 shares of the company’s stock valued at $1,072,000 after purchasing an additional 35,898 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in PubMatic in the 3rd quarter worth about $254,000. CWA Asset Management Group LLC bought a new position in PubMatic in the 3rd quarter worth approximately $161,000. Finally, Olympiad Research LP purchased a new stake in shares of PubMatic during the third quarter worth $293,000. Institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Macquarie dropped their target price on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Wolfe Research started coverage on PubMatic in a report on Tuesday, July 16th. They issued an “outperform” rating and a $25.00 price target for the company. B. Riley reduced their price objective on PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada dropped their price target on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group reduced their target price on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Get Our Latest Stock Report on PubMatic

About PubMatic

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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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