PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick Sells 4,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $12.07, for a total value of $48,280.00. Following the sale, the chief financial officer now directly owns 27,026 shares in the company, valued at $326,203.82. This represents a 12.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Steven Pantelick also recently made the following trade(s):

• On Monday, May 5th, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $9.83, for a total value of $39,320.00.
• On Wednesday, April 2nd, Steven Pantelick sold 12,061 shares of PubMatic stock. The shares were sold at an average price of $9.31, for a total value of $112,287.91.

PubMatic Stock Performance

Shares of PUBM opened at $12.16 on Thursday. PubMatic, Inc. has a fifty-two week low of $7.46 and a fifty-two week high of $22.99. The company has a market capitalization of $590.09 million, a price-to-earnings ratio of 39.23 and a beta of 1.54. The firm has a 50-day simple moving average of $10.10 and a 200-day simple moving average of $12.79.

PubMatic (NASDAQ:PUBM) last announced its earnings results on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). PubMatic had a return on equity of 6.12% and a net margin of 5.96%. The business had revenue of $63.83 million for the quarter, compared to analyst estimates of $62.07 million. During the same quarter last year, the company posted ($0.05) EPS. PubMatic’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

PUBM has been the topic of several recent analyst reports. Lake Street Capital dropped their target price on PubMatic from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Royal Bank of Canada dropped their target price on PubMatic from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Scotiabank dropped their target price on PubMatic from $17.00 to $15.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.11.

Hedge Funds Weigh In On PubMatic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after acquiring an additional 2,785 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of PubMatic in the 4th quarter worth approximately $27,000. Cubist Systematic Strategies LLC acquired a new stake in shares of PubMatic in the 4th quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PubMatic in the 4th quarter worth approximately $57,000. Finally, Headlands Technologies LLC acquired a new stake in shares of PubMatic in the 1st quarter worth approximately $69,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

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.