PubMatic, Inc. (NASDAQ:PUBM) Shares Bought by Leibman Financial Services Inc.

Leibman Financial Services Inc. lifted its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,690 shares of the company’s stock after buying an additional 8,231 shares during the period. Leibman Financial Services Inc. owned approximately 0.12% of PubMatic worth $833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PUBM. Redwood Wealth Management Group LLC purchased a new position in shares of PubMatic in the 2nd quarter valued at approximately $29,000. Headlands Technologies LLC purchased a new position in PubMatic in the 2nd quarter valued at $38,000. Founders Capital Management increased its stake in PubMatic by 100.0% in the 3rd quarter. Founders Capital Management now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. New York State Teachers Retirement System purchased a new position in PubMatic during the 3rd quarter worth $51,000. Finally, FMR LLC raised its position in PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company’s stock worth $60,000 after buying an additional 2,709 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Insider Buying and Selling at PubMatic

In other news, CFO Steven Pantelick sold 4,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $14.45, for a total transaction of $57,800.00. Following the transaction, the chief financial officer now directly owns 22,506 shares in the company, valued at $325,211.70. This represents a 15.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Rajeev K. Goel sold 19,892 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $14.44, for a total transaction of $287,240.48. Following the completion of the sale, the chief executive officer now owns 4,330 shares of the company’s stock, valued at approximately $62,525.20. The trade was a 82.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,190 shares of company stock worth $1,956,331. Insiders own 2.90% of the company’s stock.

PubMatic Stock Down 1.4 %

PubMatic stock opened at $13.90 on Tuesday. The firm’s 50-day simple moving average is $15.66 and its 200 day simple moving average is $16.36. 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 $663.96 million, a PE ratio of 44.84 and a beta of 1.41.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Scotiabank began coverage on PubMatic in a research note on Thursday, December 5th. They set a “sector perform” rating and a $17.00 target price for the company. Evercore ISI raised their price target on PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Macquarie reiterated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and an average price target of $20.63.

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.