Dynamic Technology Lab Private Ltd Sells 2,557 Shares of PubMatic, Inc. (NASDAQ:PUBM)

Dynamic Technology Lab Private Ltd cut its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,491 shares of the company’s stock after selling 2,557 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in PubMatic were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of PUBM. Wellington Management Group LLP boosted its holdings in PubMatic by 222.8% in the 3rd quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock worth $11,187,000 after buying an additional 519,275 shares during the period. Avestar Capital LLC purchased a new stake in shares of PubMatic during the fourth quarter worth $4,701,000. Nordea Investment Management AB boosted its holdings in shares of PubMatic by 377.4% in the fourth quarter. Nordea Investment Management AB now owns 340,544 shares of the company’s stock worth $5,101,000 after acquiring an additional 269,217 shares during the period. JPMorgan Chase & Co. grew its position in shares of PubMatic by 263.0% in the fourth quarter. JPMorgan Chase & Co. now owns 226,328 shares of the company’s stock valued at $3,325,000 after purchasing an additional 163,979 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of PubMatic during the 4th quarter valued at $1,216,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 4,000 shares of PubMatic stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $15.14, for a total value of $60,560.00. Following the transaction, the chief financial officer now owns 22,506 shares in the company, valued at $340,740.84. This trade represents a 15.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mukul Kumar sold 7,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00. Following the sale, the insider now owns 52,005 shares of the company’s stock, valued at approximately $858,602.55. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 87,210 shares of company stock worth $1,028,124. 2.90% of the stock is currently owned by corporate insiders.

PubMatic Price Performance

PUBM stock opened at $8.48 on Friday. The firm has a 50 day simple moving average of $11.46 and a two-hundred day simple moving average of $13.97. The stock has a market cap of $411.51 million, a PE ratio of 27.35 and a beta of 1.50. PubMatic, Inc. has a one year low of $7.46 and a one year high of $25.36.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Scotiabank cut their target price on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 target price on shares of PubMatic in a report on Monday, January 27th. Finally, Lake Street Capital cut their price target on shares of PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.