PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel Sells 1,378 Shares

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.60, for a total value of $20,118.80. Following the completion of the sale, the chief accounting officer now directly owns 3,846 shares of the company’s stock, valued at approximately $56,151.60. This represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The shares were sold at an average price of $15.83, for a total value of $14,247.00.

PubMatic Stock Up 5.5 %

NASDAQ:PUBM opened at $15.49 on Wednesday. The business’s 50-day moving average price is $14.95 and its 200 day moving average price is $18.09. PubMatic, Inc. has a 52-week low of $13.18 and a 52-week high of $25.36. The firm has a market cap of $768.06 million, a P/E ratio of 49.97 and a beta of 1.39.

Hedge Funds Weigh In On PubMatic

Several hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings in PubMatic by 222.8% during the third quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock worth $11,187,000 after buying an additional 519,275 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of PubMatic during the second quarter worth $6,582,000. Acadian Asset Management LLC raised its position in shares of PubMatic by 28,255.4% during the second quarter. Acadian Asset Management LLC now owns 291,493 shares of the company’s stock worth $5,915,000 after purchasing an additional 290,465 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PubMatic by 28.8% during the second quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company’s stock valued at $24,142,000 after purchasing an additional 265,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PubMatic by 122.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company’s stock valued at $6,466,000 after acquiring an additional 239,406 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PUBM shares. Jefferies Financial Group decreased their price objective on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a report on Friday, August 9th. B. Riley lowered their price objective on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Macquarie reissued a “neutral” rating and issued a $19.00 target price on shares of PubMatic in a report on Thursday, November 14th. Royal Bank of Canada decreased their target price on PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Finally, Evercore ISI upped their price target on shares of PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, PubMatic has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

About PubMatic

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.