PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 4,000 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $15.21, for a total transaction of $60,840.00. Following the transaction, the chief financial officer now directly owns 22,506 shares in the company, valued at approximately $342,316.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Pantelick also recently made the following trade(s):

• On Tuesday, August 13th, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was sold at an average price of $14.03, for a total transaction of $56,120.00.
• 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, July 1st, Steven Pantelick sold 1,225 shares of PubMatic stock. The stock was sold at an average price of $19.90, for a total transaction of $24,377.50.

PubMatic Price Performance

PubMatic stock opened at $15.29 on Friday. PubMatic, Inc. has a 12-month low of $10.92 and a 12-month high of $25.36. The company has a market capitalization of $758.08 million, a price-to-earnings ratio of 72.81 and a beta of 1.41. The firm’s fifty day moving average price is $18.45 and its 200 day moving average price is $20.70.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The firm had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. During the same quarter in the previous year, the firm posted ($0.11) EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts forecast that PubMatic, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. B. Riley cut their price target on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Macquarie cut their target price on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group cut their target price on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada cut their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. Finally, Raymond James downgraded shares of PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and four have given 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 $21.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Redwood Wealth Management Group LLC acquired a new position in PubMatic during the 2nd quarter worth $29,000. Price T Rowe Associates Inc. MD grew its holdings in PubMatic by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock worth $530,000 after acquiring an additional 1,561 shares in the last quarter. Empowered Funds LLC grew its holdings in PubMatic by 9.1% during the 1st quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock worth $465,000 after acquiring an additional 1,632 shares in the last quarter. Versor Investments LP grew its holdings in PubMatic by 8.2% during the 2nd quarter. Versor Investments LP now owns 22,186 shares of the company’s stock worth $451,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in PubMatic during the 2nd quarter worth $38,000. 64.26% of the stock is owned by institutional investors and hedge funds.

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.