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

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of PubMatic stock in a transaction on 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 transaction, the chief accounting officer now owns 3,846 shares of the company’s stock, valued at approximately $56,151.60. This trade represents a 26.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

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

PubMatic Stock Up 5.5 %

PUBM stock traded up $0.81 during mid-day trading on Tuesday, reaching $15.49. The company had a trading volume of 1,198,622 shares, compared to its average volume of 468,391. The stock has a market capitalization of $767.99 million, a P/E ratio of 47.35 and a beta of 1.39. The stock’s 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $18.14. PubMatic, Inc. has a one year low of $13.18 and a one year high of $25.36.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On PubMatic

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in PubMatic by 0.8% in the third quarter. Geode Capital Management LLC now owns 961,155 shares of the company’s stock worth $14,295,000 after purchasing an additional 7,225 shares during the period. Barclays PLC boosted its position in PubMatic by 93.1% during the third quarter. Barclays PLC now owns 129,196 shares of the company’s stock worth $1,921,000 after purchasing an additional 62,284 shares during the period. Main Management ETF Advisors LLC bought a new stake in shares of PubMatic during the 3rd quarter worth $565,000. Wellington Management Group LLP increased its position in shares of PubMatic by 222.8% during the third quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock valued at $11,187,000 after purchasing an additional 519,275 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of PubMatic by 17.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 676,464 shares of the company’s stock valued at $10,059,000 after purchasing an additional 100,479 shares in the last quarter. 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.