Cubist Systematic Strategies LLC Boosts Position in The Rubicon Project, Inc. (RUBI)

Cubist Systematic Strategies LLC increased its stake in The Rubicon Project, Inc. (NYSE:RUBI) by 308.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,706 shares of the software maker’s stock after purchasing an additional 29,985 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.08% of The Rubicon Project worth $154,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Sessa Capital IM L.P. raised its holdings in The Rubicon Project by 76.5% during the 3rd quarter. Sessa Capital IM L.P. now owns 2,262,748 shares of the software maker’s stock valued at $8,802,000 after acquiring an additional 980,420 shares during the period. Dimensional Fund Advisors LP raised its holdings in The Rubicon Project by 83.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock valued at $9,596,000 after acquiring an additional 846,857 shares during the period. Divisar Capital Management LLC raised its holdings in The Rubicon Project by 38.5% during the 2nd quarter. Divisar Capital Management LLC now owns 2,476,289 shares of the software maker’s stock valued at $12,728,000 after acquiring an additional 688,801 shares during the period. Citadel Advisors LLC raised its holdings in The Rubicon Project by 30.6% during the 3rd quarter. Citadel Advisors LLC now owns 935,350 shares of the software maker’s stock valued at $3,639,000 after acquiring an additional 218,914 shares during the period. Finally, Roumell Asset Management LLC raised its holdings in The Rubicon Project by 29.6% during the 3rd quarter. Roumell Asset Management LLC now owns 670,565 shares of the software maker’s stock valued at $2,608,000 after acquiring an additional 153,305 shares during the period. 62.62% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on RUBI. Citigroup lowered their target price on shares of The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, September 26th. B. Riley reissued a “hold” rating and set a $3.00 target price on shares of The Rubicon Project in a report on Friday, November 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.61.

The Rubicon Project, Inc. (NYSE:RUBI) opened at $2.38 on Friday. The company has a market cap of $118.50, a price-to-earnings ratio of -0.76 and a beta of 1.25. The Rubicon Project, Inc. has a 1 year low of $1.68 and a 1 year high of $9.16.

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The firm’s revenue for the quarter was down 41.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share.

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About The Rubicon Project

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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