Paulina Klimenko Sells 435 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) insider Paulina Klimenko sold 435 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $23.64, for a total value of $10,283.40. Following the completion of the transaction, the insider now directly owns 720 shares in the company, valued at $17,020.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Paulina Klimenko also recently made the following trade(s):

  • On Tuesday, February 27th, Paulina Klimenko sold 24,275 shares of PubMatic stock. The shares were sold at an average price of $20.27, for a total value of $492,054.25.
  • On Friday, February 16th, Paulina Klimenko sold 2,083 shares of PubMatic stock. The shares were sold at an average price of $17.00, for a total value of $35,411.00.
  • On Thursday, January 4th, Paulina Klimenko sold 5,871 shares of PubMatic stock. The shares were sold at an average price of $15.23, for a total value of $89,415.33.

PubMatic Price Performance

Shares of NASDAQ PUBM opened at $23.50 on Thursday. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $24.17. The business’s fifty day moving average price is $19.32 and its two-hundred day moving average price is $16.10. The firm has a market capitalization of $1.18 billion, a PE ratio of 156.68 and a beta of 1.52.

PubMatic (NASDAQ:PUBMGet Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.15. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $78.19 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts expect that PubMatic, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of PubMatic by 0.7% in the third quarter. Vanguard Group Inc. now owns 4,319,892 shares of the company’s stock worth $71,840,000 after purchasing an additional 29,696 shares in the last quarter. BlackRock Inc. grew its stake in shares of PubMatic by 19.8% in the second quarter. BlackRock Inc. now owns 3,311,217 shares of the company’s stock worth $60,529,000 after purchasing an additional 546,233 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PubMatic by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after purchasing an additional 228,190 shares in the last quarter. Royal Bank of Canada grew its stake in shares of PubMatic by 8.0% in the first quarter. Royal Bank of Canada now owns 1,181,482 shares of the company’s stock worth $30,860,000 after purchasing an additional 87,549 shares in the last quarter. Finally, State Street Corp grew its stake in shares of PubMatic by 1.3% in the second quarter. State Street Corp now owns 902,872 shares of the company’s stock worth $16,504,000 after purchasing an additional 11,564 shares in the last quarter. Institutional investors own 64.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PUBM shares. B. Riley upped their price target on PubMatic from $21.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. JMP Securities upped their price target on PubMatic from $18.00 to $25.00 and gave the company a “market outperform” rating in a research report on Tuesday, February 27th. TheStreet raised PubMatic from a “d” rating to a “c-” rating in a research report on Friday, December 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price target on shares of PubMatic in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

View Our Latest Analysis on PubMatic

PubMatic Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

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