PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) Chairman Amar K. Goel sold 3,889 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $14.31, for a total value of $55,651.59. Following the completion of the sale, the chairman now directly owns 7,935 shares in the company, valued at $113,549.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
PubMatic Trading Up 2.9 %
Shares of PUBM opened at $14.77 on Friday. The firm has a market cap of $737.48 million, a PE ratio of 70.33 and a beta of 1.39. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $25.36. The firm has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $19.95.
PubMatic (NASDAQ:PUBM – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $67.27 million for the quarter, compared to the consensus estimate of $70.07 million. PubMatic had a return on equity of 6.92% and a net margin of 7.08%. PubMatic’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share. As a group, research analysts forecast that PubMatic, Inc. will post 0.2 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on PubMatic
Hedge Funds Weigh In On PubMatic
Institutional investors and hedge funds have recently made changes to their positions in the business. Redwood Wealth Management Group LLC bought a new position in PubMatic in the second quarter worth approximately $29,000. Price T Rowe Associates Inc. MD raised its holdings in PubMatic by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock worth $530,000 after purchasing an additional 1,561 shares during the period. Empowered Funds LLC raised its holdings in PubMatic by 9.1% in the 1st quarter. Empowered Funds LLC now owns 19,606 shares of the company’s stock worth $465,000 after purchasing an additional 1,632 shares during the period. Versor Investments LP lifted its position in PubMatic by 8.2% during the second quarter. Versor Investments LP now owns 22,186 shares of the company’s stock valued at $451,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in PubMatic during the second quarter valued at about $38,000. Hedge funds and other institutional investors 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.
See Also
- Five stocks we like better than PubMatic
- The Basics of Support and Resistance
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- High Flyers: 3 Natural Gas Stocks for March 2022
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Technology Stocks Explained: Here’s What to Know About Tech
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for PubMatic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PubMatic and related companies with MarketBeat.com's FREE daily email newsletter.