PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods Sells 3,076 Shares

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 3,076 shares of PubMatic stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $14.52, for a total transaction of $44,663.52. Following the completion of the sale, the general counsel now owns 32,349 shares of the company’s stock, valued at $469,707.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Andrew Woods also recently made the following trade(s):

• On Tuesday, September 3rd, Andrew Woods sold 2,710 shares of PubMatic stock. The shares were sold at an average price of $15.30, for a total transaction of $41,463.00.

PubMatic Price Performance

NASDAQ:PUBM opened at $14.77 on Friday. The firm has a market cap of $737.48 million, a price-to-earnings ratio of 70.33 and a beta of 1.39. The company has a 50 day moving average price of $15.71 and a 200-day moving average price of $19.89. PubMatic, Inc. has a 1-year low of $10.92 and a 1-year high of $25.36.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.06. The company had revenue of $67.27 million during the quarter, compared to analyst estimates of $70.07 million. PubMatic had a net margin of 7.08% and a return on equity of 6.92%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS. On average, sell-side analysts anticipate that PubMatic, Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. B. Riley decreased their price objective on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group decreased their price objective on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada decreased their price objective 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. Macquarie decreased their price objective on shares of PubMatic from $24.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Wolfe Research assumed coverage on shares of PubMatic in a research note on Tuesday, July 16th. They set an “outperform” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, PubMatic presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Institutional Investors Weigh In On PubMatic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in PubMatic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 4,254,391 shares of the company’s stock worth $100,914,000 after acquiring an additional 22,713 shares in the last quarter. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 265,700 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in PubMatic by 92.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock worth $10,440,000 after acquiring an additional 211,520 shares in the last quarter. Millennium Management LLC purchased a new stake in PubMatic in the 2nd quarter worth $6,582,000. Finally, Wellington Management Group LLP increased its holdings in PubMatic by 5.7% in the 4th quarter. Wellington Management Group LLP now owns 323,397 shares of the company’s stock worth $5,275,000 after acquiring an additional 17,497 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.