PubMatic, Inc. (NASDAQ:PUBM) Insider Sells $50,283.31 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,401 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $50,283.31. Following the completion of the sale, the insider now directly owns 60,465 shares of the company’s stock, valued at approximately $562,929.15. This trade represents a 8.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mukul Kumar also recently made the following trade(s):

• On Monday, February 10th, Mukul Kumar sold 7,000 shares of PubMatic stock. The stock was sold at an average price of $16.51, for a total value of $115,570.00.

PubMatic Price Performance

NASDAQ PUBM opened at $8.25 on Friday. PubMatic, Inc. has a fifty-two week low of $7.90 and a fifty-two week high of $25.36. The stock’s 50-day moving average is $12.44 and its two-hundred day moving average is $14.27. The firm has a market cap of $400.35 million, a P/E ratio of 26.61 and a beta of 1.50.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.11). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The company had revenue of $85.50 million during the quarter, compared to the consensus estimate of $88.24 million. On average, equities analysts expect that PubMatic, Inc. will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

PUBM has been the topic of a number of research reports. Lake Street Capital dropped their target price on PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Royal Bank of Canada decreased their target price on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Scotiabank dropped their price target on shares of PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and an average target price of $19.89.

Institutional Trading of PubMatic

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in PubMatic in the 4th quarter valued at $27,000. Cubist Systematic Strategies LLC acquired a new stake in shares of PubMatic in the fourth quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PubMatic in the fourth quarter worth about $57,000. FMR LLC lifted its position in shares of PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company’s stock worth $60,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company’s stock valued at $77,000 after purchasing an additional 2,240 shares during the period. 64.26% of the stock is currently 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.