PubMatic, Inc. (NASDAQ:PUBM) Insider Mukul Kumar Sells 7,000 Shares

PubMatic, Inc. (NASDAQ:PUBMGet Free Report) insider Mukul Kumar sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $16.52, for a total value of $115,640.00. Following the sale, the insider now directly owns 44,888 shares in the company, valued at $741,549.76. This trade represents a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, December 2nd, Mukul Kumar sold 7,000 shares of PubMatic stock. The shares were sold at an average price of $16.54, for a total transaction of $115,780.00.

PubMatic Stock Down 1.5 %

Shares of NASDAQ PUBM opened at $16.27 on Wednesday. PubMatic, Inc. has a twelve month low of $13.18 and a twelve month high of $25.36. The firm has a market cap of $777.17 million, a PE ratio of 52.48 and a beta of 1.40. The business has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $17.12.

Analyst Ratings Changes

Several analysts recently weighed in on PUBM shares. Scotiabank began coverage on PubMatic in a report on Thursday, December 5th. They set a “sector perform” rating and a $17.00 price target on the stock. Macquarie reissued a “neutral” rating and issued a $19.00 target price on shares of PubMatic in a research note on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of 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 company an “outperform” rating in a report on Wednesday, November 13th. Four equities research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $21.13.

View Our Latest Report on PubMatic

Hedge Funds Weigh In On PubMatic

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in PubMatic by 222.8% during the 3rd quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock valued at $11,187,000 after acquiring an additional 519,275 shares in the last quarter. Millennium Management LLC acquired a new position in shares of PubMatic during the second quarter valued at about $6,582,000. Victory Capital Management Inc. raised its position in shares of PubMatic by 99.2% in the 3rd quarter. Victory Capital Management Inc. now owns 72,083 shares of the company’s stock valued at $1,072,000 after purchasing an additional 35,898 shares during the last quarter. Renaissance Technologies LLC boosted its stake in PubMatic by 28.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company’s stock worth $24,142,000 after purchasing an additional 265,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in PubMatic by 122.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company’s stock worth $6,466,000 after purchasing an additional 239,406 shares in the last quarter. 64.26% of the stock is owned by hedge funds and other institutional investors.

PubMatic Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for PubMatic (NASDAQ:PUBM)

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