Paulina Klimenko Sells 627 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Paulina Klimenko sold 627 shares of PubMatic stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $19.90, for a total value of $12,477.30. Following the transaction, the insider now directly owns 3,554 shares in the company, valued at approximately $70,724.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paulina Klimenko also recently made the following trade(s):

• On Monday, April 8th, Paulina Klimenko sold 5,653 shares of PubMatic stock. The shares were sold at an average price of $23.70, for a total transaction of $133,976.10.

PubMatic Stock Performance

Shares of PubMatic stock opened at $20.67 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of 98.43 and a beta of 1.44. The firm has a fifty day moving average of $21.97 and a two-hundred day moving average of $19.89. PubMatic, Inc. has a one year low of $10.92 and a one year high of $25.36.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. The firm had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $62.19 million. PubMatic had a net margin of 4.42% and a return on equity of 4.21%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. As a group, equities analysts predict that PubMatic, Inc. will post 0.24 earnings per share for the current year.

Institutional Trading of PubMatic

Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in PubMatic during the first quarter worth $107,000. Public Employees Retirement System of Ohio acquired a new position in shares of PubMatic during the 3rd quarter worth $142,000. SVB Wealth LLC purchased a new position in shares of PubMatic in the 4th quarter valued at about $163,000. QRG Capital Management Inc. acquired a new stake in shares of PubMatic in the fourth quarter valued at about $191,000. Finally, Arizona State Retirement System boosted its holdings in PubMatic by 9.0% during the fourth quarter. Arizona State Retirement System now owns 11,924 shares of the company’s stock worth $194,000 after buying an additional 984 shares in the last quarter. 64.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PUBM has been the topic of several research reports. B. Riley assumed coverage on shares of PubMatic in a research note on Friday, April 19th. They issued a “buy” rating and a $27.00 price objective on the stock. Royal Bank of Canada raised their price target on PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.00.

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.