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 dated 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 represents a 8.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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 transaction of $115,570.00.

PubMatic Stock Down 1.4 %

Shares of PUBM opened at $8.25 on Friday. The company has a market capitalization of $400.35 million, a price-to-earnings ratio of 26.61 and a beta of 1.50. PubMatic, Inc. has a 52 week low of $7.90 and a 52 week high of $25.36. The stock’s 50-day moving average price is $12.44 and its 200-day moving average price is $14.27.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price objective 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. Lake Street Capital lowered their price target on PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Scotiabank cut their price objective on PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PubMatic has an average rating of “Moderate Buy” and an average target price of $19.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of PubMatic during the 4th quarter worth about $27,000. Cubist Systematic Strategies LLC purchased a new position in PubMatic during the fourth quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PubMatic during the fourth quarter worth approximately $57,000. FMR LLC grew its holdings in PubMatic by 201.6% in the third quarter. FMR LLC now owns 4,053 shares of the company’s stock valued at $60,000 after purchasing an additional 2,709 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of PubMatic by 75.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company’s stock valued at $77,000 after buying an additional 2,240 shares in the last quarter. 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.