PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) Chairman Amar K. Goel sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $24.50, for a total value of $53,900.00. Following the completion of the transaction, the chairman now directly owns 2,640 shares of the company’s stock, valued at approximately $64,680. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Amar K. Goel also recently made the following trade(s):
- On Tuesday, March 5th, Amar K. Goel sold 3,454 shares of PubMatic stock. The shares were sold at an average price of $20.69, for a total value of $71,463.26.
PubMatic Trading Up 0.1 %
PUBM stock traded up $0.02 during midday trading on Friday, reaching $22.49. The stock had a trading volume of 25,746 shares, compared to its average volume of 460,600. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $25.36. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 149.81 and a beta of 1.52. The company’s fifty day simple moving average is $22.70 and its 200 day simple moving average is $18.02.
Institutional Investors Weigh In On PubMatic
Several large investors have recently bought and sold shares of PUBM. SG Americas Securities LLC boosted its holdings in shares of PubMatic by 68.3% in the third quarter. SG Americas Securities LLC now owns 16,838 shares of the company’s stock valued at $204,000 after acquiring an additional 6,834 shares during the period. Bank of New York Mellon Corp lifted its stake in PubMatic by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 174,092 shares of the company’s stock valued at $2,107,000 after buying an additional 1,489 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of PubMatic by 47.7% during the third quarter. Principal Financial Group Inc. now owns 21,608 shares of the company’s stock valued at $261,000 after buying an additional 6,981 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in PubMatic by 48.6% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock worth $37,000 after buying an additional 992 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of PubMatic by 14.0% during the 3rd quarter. Versor Investments LP now owns 19,174 shares of the company’s stock valued at $232,000 after buying an additional 2,360 shares during the period. Hedge funds and other institutional investors own 64.26% of the company’s stock.
Analyst Upgrades and Downgrades
PUBM has been the topic of a number of recent analyst reports. JMP Securities increased their price target on shares of PubMatic from $18.00 to $25.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 27th. Royal Bank of Canada raised their target price on PubMatic from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, B. Riley initiated coverage on PubMatic in a research report on Friday, April 19th. They set a “buy” rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.
Get Our Latest Research Report on PubMatic
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.
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