PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CFO Steven Pantelick sold 1,225 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.90, for a total transaction of $24,377.50. Following the sale, the chief financial officer now owns 19,365 shares in the company, valued at approximately $385,363.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Steven Pantelick also recently made the following trade(s):
- On Wednesday, July 3rd, Steven Pantelick sold 7,846 shares of PubMatic stock. The stock was sold at an average price of $20.64, for a total transaction of $161,941.44.
- On Monday, April 8th, Steven Pantelick sold 8,876 shares of PubMatic stock. The shares were sold at an average price of $23.71, for a total value of $210,449.96.
PubMatic Price Performance
NASDAQ PUBM opened at $20.67 on Friday. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $25.36. The company has a market cap of $1.03 billion, a PE ratio of 98.43 and a beta of 1.44. The stock’s 50 day simple moving average is $21.93 and its 200-day simple moving average is $19.90.
Institutional Investors Weigh In On PubMatic
A number of large investors have recently made changes to their positions in PUBM. SG Americas Securities LLC purchased a new stake in shares of PubMatic in the first quarter valued at about $107,000. Cornerstone Investment Partners LLC acquired a new position in PubMatic in the first quarter valued at approximately $222,000. SVB Wealth LLC purchased a new position in PubMatic in the fourth quarter worth approximately $163,000. Harbour Capital Advisors LLC acquired a new stake in PubMatic during the first quarter worth $266,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in PubMatic in the third quarter valued at $142,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. B. Riley initiated coverage on PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price target on the stock. Royal Bank of Canada increased their target price on PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.
Check Out Our Latest Research Report on PUBM
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.
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