PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev K. Goel Sells 25,978 Shares

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) CEO Rajeev K. Goel sold 25,978 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.16, for a total value of $601,650.48. Following the sale, the chief executive officer now directly owns 22,712 shares in the company, valued at approximately $526,009.92. The sale was disclosed in a document filed with the SEC, which is available at this link.

PubMatic Price Performance

PubMatic stock opened at $23.50 on Thursday. The business has a fifty day moving average price of $19.32 and a 200-day moving average price of $16.10. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $24.17. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 156.68 and a beta of 1.52.

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

Analysts Set New Price Targets

PUBM has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 target price on shares of PubMatic in a research report on Monday, March 25th. JMP Securities raised their price objective on PubMatic from $18.00 to $25.00 and gave the stock 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, B. Riley raised their price objective on PubMatic from $21.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.20.

Read Our Latest Stock Report on PUBM

Institutional Trading of PubMatic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jasper Ridge Partners L.P. lifted its position in PubMatic by 3.6% during the 1st quarter. Jasper Ridge Partners L.P. now owns 15,032 shares of the company’s stock worth $393,000 after acquiring an additional 524 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of PubMatic by 4.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,750 shares of the company’s stock valued at $339,000 after buying an additional 808 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of PubMatic by 7.6% during the 2nd quarter. Verition Fund Management LLC now owns 11,554 shares of the company’s stock valued at $184,000 after buying an additional 819 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in shares of PubMatic by 3.4% during the 1st quarter. Snowden Capital Advisors LLC now owns 26,002 shares of the company’s stock valued at $359,000 after buying an additional 850 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of PubMatic by 9.0% during the 4th quarter. Arizona State Retirement System now owns 11,924 shares of the company’s stock valued at $194,000 after buying an additional 984 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

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

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