Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) Insider Sells 5,401 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,401 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $9.31, for a total value of $50,283.31. Following the transaction, the insider now owns 60,465 shares in the company, valued at $562,929.15. This trade represents a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mukul Kumar also recently made the following trade(s):

• On Monday, February 10th, Mukul Kumar sold 7,000 shares of PubMatic stock. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00.

PubMatic Stock Performance

PubMatic stock traded down $1.05 during trading on Thursday, reaching $8.37. 755,957 shares of the company’s stock were exchanged, compared to its average volume of 444,993. The company’s 50-day moving average is $12.58 and its two-hundred day moving average is $14.31. PubMatic, Inc. has a 52-week low of $8.33 and a 52-week high of $25.36. The firm has a market cap of $406.17 million, a price-to-earnings ratio of 27.00 and a beta of 1.48.

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

Institutional Trading of PubMatic

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of PubMatic during the fourth quarter worth $27,000. Cubist Systematic Strategies LLC acquired a new position in PubMatic in the 4th quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in PubMatic in the 4th quarter worth $57,000. FMR LLC boosted 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 buying an additional 2,709 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of PubMatic by 75.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company’s stock valued at $77,000 after acquiring an additional 2,240 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Royal Bank of Canada decreased their price target on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Scotiabank lowered their price objective on shares of PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Lake Street Capital cut their target price on PubMatic from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.