Nebula Research & Development LLC Has $499,000 Stock Position in PubMatic, Inc. (NASDAQ:PUBM)

Nebula Research & Development LLC trimmed its stake in shares of PubMatic, Inc. (NASDAQ:PUBM) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,979 shares of the company’s stock after selling 9,562 shares during the quarter. Nebula Research & Development LLC’s holdings in PubMatic were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pitcairn Co. grew its holdings in PubMatic by 7.3% during the 4th quarter. Pitcairn Co. now owns 21,654 shares of the company’s stock worth $318,000 after acquiring an additional 1,477 shares during the period. SBI Securities Co. Ltd. acquired a new position in PubMatic in the fourth quarter valued at approximately $27,000. Principal Financial Group Inc. boosted its holdings in shares of PubMatic by 9.7% during the 4th quarter. Principal Financial Group Inc. now owns 25,178 shares of the company’s stock worth $370,000 after buying an additional 2,234 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of PubMatic by 75.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,220 shares of the company’s stock worth $77,000 after buying an additional 2,240 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of PubMatic by 0.9% in the 4th quarter. American Century Companies Inc. now owns 271,864 shares of the company’s stock valued at $3,994,000 after acquiring an additional 2,461 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Insider Activity

In other news, Chairman Amar K. Goel sold 4,446 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $9.31, for a total transaction of $41,392.26. Following the completion of the sale, the chairman now owns 18,401 shares in the company, valued at $171,313.31. This trade represents a 19.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Rajeev K. Goel sold 24,891 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $15.14, for a total value of $376,849.74. Following the completion of the transaction, the chief executive officer now owns 5,896 shares in the company, valued at approximately $89,265.44. The trade was a 80.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,210 shares of company stock valued at $1,028,124 in the last ninety days. 2.90% of the stock is currently owned by insiders.

PubMatic Price Performance

PUBM opened at $10.03 on Wednesday. PubMatic, Inc. has a 1 year low of $7.46 and a 1 year high of $25.36. The company has a market capitalization of $486.73 million, a price-to-earnings ratio of 32.35 and a beta of 1.50. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $13.52.

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

Wall Street Analysts Forecast Growth

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