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 stock was sold at an average price of $14.60, for a total value of $20,118.80. Following the completion of the sale, the chief accounting officer now directly owns 3,846 shares of the company’s stock, valued at approximately $56,151.60. The trade was a 26.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

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

PubMatic Stock Performance

NASDAQ:PUBM opened at $15.25 on Thursday. PubMatic, Inc. has a 52-week low of $13.18 and a 52-week high of $25.36. The firm has a market capitalization of $756.10 million, a PE ratio of 49.19 and a beta of 1.39. The stock has a 50-day simple moving average of $14.97 and a two-hundred day simple moving average of $18.07.

Analyst Ratings Changes

PUBM has been the topic of several research analyst reports. Evercore ISI upped their target price on shares of PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Macquarie restated a “neutral” rating and set a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Royal Bank of Canada cut their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group cut their price objective on PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, PubMatic presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC purchased a new stake in PubMatic during the 2nd quarter valued at approximately $29,000. Founders Capital Management boosted its holdings in shares of PubMatic by 100.0% in the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the period. Headlands Technologies LLC purchased a new stake in shares of PubMatic in the second quarter valued at $38,000. New York State Teachers Retirement System purchased a new position in shares of PubMatic during the third quarter valued at approximately $51,000. Finally, FMR LLC grew its position in PubMatic by 201.6% in the 3rd quarter. FMR LLC now owns 4,053 shares of the company’s stock valued at $60,000 after acquiring an additional 2,709 shares during the last quarter. Institutional investors own 64.26% of the company’s stock.

About PubMatic

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.