PubMatic, Inc. (NASDAQ:PUBM) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC trimmed its stake in shares of PubMatic, Inc. (NASDAQ:PUBM) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,341 shares of the company’s stock after selling 5,193 shares during the period. EntryPoint Capital LLC’s holdings in PubMatic were worth $211,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in PubMatic by 222.8% during the third quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock worth $11,187,000 after purchasing an additional 519,275 shares in the last quarter. Avestar Capital LLC acquired a new position in shares of PubMatic during the 4th quarter worth $4,701,000. Nordea Investment Management AB grew its stake in PubMatic by 377.4% in the 4th quarter. Nordea Investment Management AB now owns 340,544 shares of the company’s stock valued at $5,101,000 after acquiring an additional 269,217 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PubMatic by 122.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company’s stock valued at $6,466,000 after acquiring an additional 239,406 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in PubMatic by 17.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 676,464 shares of the company’s stock valued at $10,059,000 after acquiring an additional 100,479 shares in the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Insider Activity at PubMatic

In related news, CEO Rajeev K. Goel sold 24,891 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $15.14, for a total value of $376,849.74. Following the completion of the sale, the chief executive officer now directly owns 5,896 shares in the company, valued at approximately $89,265.44. This represents a 80.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mukul Kumar sold 7,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $16.51, for a total value of $115,570.00. Following the completion of the sale, the insider now owns 52,005 shares of the company’s stock, valued at approximately $858,602.55. This trade represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,811 shares of company stock worth $1,438,381. 2.90% of the stock is owned by company insiders.

PubMatic Stock Down 6.7 %

PUBM stock opened at $9.28 on Friday. The stock has a market capitalization of $450.33 million, a price-to-earnings ratio of 29.94 and a beta of 1.48. The stock’s fifty day simple moving average is $13.04 and its 200-day simple moving average is $14.46. PubMatic, Inc. has a 52-week low of $9.07 and a 52-week high of $25.36.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on PUBM shares. Lake Street Capital lowered their price target on shares of PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Scotiabank dropped their price target on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Royal Bank of Canada reduced their price objective on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.89.

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.