PubMatic, Inc. (NASDAQ:PUBM)’s share price was up 7% on Wednesday . The stock traded as high as $29.17 and last traded at $28.71. Approximately 832,257 shares traded hands during trading, an increase of 22% from the average daily volume of 680,270 shares. The stock had previously closed at $26.84.

PUBM has been the subject of a number of research reports. Oppenheimer initiated coverage on PubMatic in a research note on Monday, January 4th. They issued an “outperform” rating for the company. JMP Securities initiated coverage on PubMatic in a research note on Monday, January 4th. They issued an “outperform” rating and a $34.00 price target for the company. Jefferies Financial Group initiated coverage on PubMatic in a research note on Monday, January 4th. They issued a “buy” rating and a $38.00 price target for the company. KeyCorp started coverage on PubMatic in a research note on Monday, January 4th. They issued an “overweight” rating and a $36.00 price target for the company. Finally, Raymond James started coverage on shares of PubMatic in a report on Monday, January 4th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $35.50.

In related news, CFO Steven Pantelick sold 130,734 shares of the business’s stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of $20.00, for a total transaction of $2,614,680.00. Also, Director Ashish Gupta sold 975,241 shares of the business’s stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of $20.00, for a total value of $19,504,820.00. In the last ninety days, insiders have sold 2,140,975 shares of company stock worth $42,819,500.

About PubMatic (NASDAQ:PUBM)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions worldwide. Its platform supports an array of ad formats and digital device types, including mobile app, mobile web, desktop, display, video, over-the-top, connected television, and media.

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