PubMatic, Inc. (NASDAQ:PUBM) CAO Sells $20,118.80 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of PubMatic stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $14.60, for a total value of $20,118.80. Following the transaction, the chief accounting officer now directly owns 3,846 shares of the company’s stock, valued at $56,151.60. The trade was a 26.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The shares were sold at an average price of $15.83, for a total transaction of $14,247.00.

PubMatic Trading Down 0.2 %

Shares of NASDAQ:PUBM opened at $16.17 on Friday. PubMatic, Inc. has a 12-month low of $13.18 and a 12-month high of $25.36. The stock’s 50-day moving average price is $15.01 and its 200-day moving average price is $18.06. The stock has a market capitalization of $801.71 million, a P/E ratio of 52.20 and a beta of 1.39.

Analyst Ratings Changes

Several research firms have weighed in on PUBM. 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. Raymond James cut shares of PubMatic from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. B. Riley lowered their price objective on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Macquarie reiterated a “neutral” rating and issued a $19.00 target price on shares of PubMatic in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lowered their price target on PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Hedge Funds Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of PubMatic during the first quarter valued at approximately $107,000. Sei Investments Co. bought a new stake in PubMatic during the 1st quarter valued at $572,000. Russell Investments Group Ltd. boosted its position in PubMatic by 1,073.9% during the 1st quarter. Russell Investments Group Ltd. now owns 126,037 shares of the company’s stock valued at $2,990,000 after buying an additional 115,300 shares during the period. Vanguard Group Inc. grew 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 during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of PubMatic by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,311 shares of the company’s stock valued at $530,000 after acquiring an additional 1,561 shares during the period. 64.26% of the stock is currently owned by institutional investors.

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.