Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) CFO Sells $60,560.00 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $15.14, for a total transaction of $60,560.00. Following the completion of the sale, the chief financial officer now directly owns 22,506 shares of the company’s stock, valued at $340,740.84. The trade was a 15.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, January 2nd, Steven Pantelick sold 10,040 shares of PubMatic stock. The shares were sold at an average price of $14.84, for a total value of $148,993.60.
• On Tuesday, December 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The stock was sold at an average price of $16.56, for a total value of $66,240.00.

PubMatic Trading Up 3.7 %

PUBM stock opened at $16.43 on Friday. The firm has a 50 day moving average of $15.41 and a 200-day moving average of $15.68. The company has a market cap of $784.86 million, a price-to-earnings ratio of 53.00 and a beta of 1.41. PubMatic, Inc. has a 12-month low of $13.18 and a 12-month high of $25.36.

Institutional Trading of PubMatic

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of PubMatic in the fourth quarter valued at $27,000. New York State Teachers Retirement System purchased a new position in PubMatic during the 3rd quarter valued at about $51,000. FMR LLC increased its holdings in PubMatic by 201.6% during the 3rd quarter. FMR LLC now owns 4,053 shares of the company’s stock valued at $60,000 after acquiring an additional 2,709 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of PubMatic by 1,387.1% in the third quarter. International Assets Investment Management LLC now owns 5,205 shares of the company’s stock valued at $77,000 after purchasing an additional 4,855 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of PubMatic in the third quarter valued at approximately $161,000. 64.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PUBM has been the subject of several recent research reports. Scotiabank started coverage on PubMatic in a report on Thursday, December 5th. They set a “sector perform” rating and a $17.00 price target for the company. Evercore ISI lifted their target price on shares of PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada cut their price target on shares of PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Macquarie restated a “neutral” rating and issued a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $20.00 target price on shares of PubMatic in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

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.