Diversified Trust Co Purchases New Shares in PubMatic, Inc. (NASDAQ:PUBM)

Diversified Trust Co purchased a new stake in PubMatic, Inc. (NASDAQ:PUBM) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,937 shares of the company’s stock, valued at approximately $118,000.

Several other large investors have also added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in PubMatic by 2.3% in the first quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock valued at $548,000 after acquiring an additional 1,341 shares in the last quarter. Pitcairn Co. lifted its position in PubMatic by 7.3% during the fourth quarter. Pitcairn Co. now owns 21,654 shares of the company’s stock valued at $318,000 after buying an additional 1,477 shares during the period. SBI Securities Co. Ltd. purchased a new position in PubMatic during the fourth quarter valued at $27,000. Cubist Systematic Strategies LLC purchased a new position in PubMatic during the fourth quarter valued at $29,000. Finally, Principal Financial Group Inc. lifted its position in PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company’s stock valued at $370,000 after buying an additional 2,234 shares during the period. Institutional investors own 64.26% of the company’s stock.

Insider Transactions at PubMatic

In related news, CEO Rajeev K. Goel sold 25,000 shares of PubMatic stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $11.80, for a total value of $295,000.00. Following the completion of the sale, the chief executive officer directly owned 8,297 shares in the company, valued at approximately $97,904.60. This trade represents a 75.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $12.07, for a total value of $48,280.00. Following the completion of the sale, the chief financial officer owned 27,026 shares of the company’s stock, valued at $326,203.82. The trade was a 12.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,138 shares of company stock valued at $1,138,580 in the last quarter. 26.42% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on PUBM shares. Royal Bank Of Canada lowered their price objective on PubMatic from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Lake Street Capital lowered their price objective on PubMatic from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.11.

PubMatic Price Performance

PUBM opened at $12.67 on Thursday. The stock has a 50-day moving average price of $11.24 and a 200-day moving average price of $12.16. The firm has a market cap of $614.88 million, a PE ratio of 158.39 and a beta of 1.54. PubMatic, Inc. has a 1 year low of $7.46 and a 1 year high of $22.99.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). The company had revenue of $63.83 million during the quarter, compared to analysts’ expectations of $62.07 million. PubMatic had a return on equity of 1.99% and a net margin of 1.90%. PubMatic’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current year.

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.