PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $99,733.28 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Paulina Klimenko sold 4,952 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $20.14, for a total transaction of $99,733.28. Following the completion of the transaction, the insider now directly owns 6,049 shares of the company’s stock, valued at $121,826.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 1st, Paulina Klimenko sold 627 shares of PubMatic stock. The stock was sold at an average price of $19.90, for a total transaction of $12,477.30.

PubMatic Price Performance

Shares of NASDAQ:PUBM opened at $20.03 on Thursday. PubMatic, Inc. has a one year low of $10.92 and a one year high of $25.36. The company has a 50 day moving average of $21.70 and a 200-day moving average of $20.00. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 95.39 and a beta of 1.44.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The company had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $62.19 million. During the same quarter in the previous year, the company earned ($0.09) EPS. PubMatic’s revenue was up 20.4% on a year-over-year basis. Equities research analysts anticipate that PubMatic, Inc. will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

PUBM has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. B. Riley initiated coverage on shares of PubMatic in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Institutional Investors Weigh In On PubMatic

Several institutional investors have recently modified their holdings of PUBM. Leibman Financial Services Inc. acquired a new position in PubMatic during the second quarter valued at approximately $824,000. Jacobs Levy Equity Management Inc. grew its holdings in PubMatic by 92.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock valued at $10,440,000 after purchasing an additional 211,520 shares during the period. Public Employees Retirement System of Ohio grew its holdings in PubMatic by 149.6% during the first quarter. Public Employees Retirement System of Ohio now owns 29,207 shares of the company’s stock valued at $693,000 after purchasing an additional 17,507 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in PubMatic by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after purchasing an additional 1,561 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in PubMatic during the first quarter valued at approximately $4,711,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.