1,845 Shares in PubMatic, Inc. (NASDAQ:PUBM) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of PubMatic, Inc. (NASDAQ:PUBM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,845 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of PubMatic by 222.8% during the 3rd quarter. Wellington Management Group LLP now owns 752,329 shares of the company’s stock worth $11,187,000 after purchasing an additional 519,275 shares during the last quarter. Nordea Investment Management AB raised its position in shares of PubMatic by 377.4% during the 4th quarter. Nordea Investment Management AB now owns 340,544 shares of the company’s stock worth $5,101,000 after purchasing an additional 269,217 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of PubMatic by 239.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 62,349 shares of the company’s stock worth $927,000 after purchasing an additional 43,971 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of PubMatic by 99.2% during the 3rd quarter. Victory Capital Management Inc. now owns 72,083 shares of the company’s stock worth $1,072,000 after purchasing an additional 35,898 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of PubMatic by 122.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 434,867 shares of the company’s stock worth $6,466,000 after purchasing an additional 239,406 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

PubMatic Stock Down 8.4 %

Shares of NASDAQ PUBM opened at $9.09 on Friday. PubMatic, Inc. has a 52-week low of $9.07 and a 52-week high of $25.36. The firm has a fifty day moving average of $14.10 and a 200-day moving average of $14.87. The stock has a market capitalization of $441.11 million, a PE ratio of 29.32 and a beta of 1.48.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data 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). PubMatic had a net margin of 5.96% and a return on equity of 6.12%. The company had revenue of $85.50 million for the quarter, compared to analysts’ expectations of $88.24 million. Equities research analysts expect that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Amar K. Goel sold 4,087 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.84, for a total transaction of $60,651.08. Following the completion of the sale, the chairman now directly owns 14,044 shares of the company’s stock, valued at approximately $208,412.96. This represents a 22.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Andrew Woods sold 3,529 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.84, for a total transaction of $52,370.36. Following the sale, the general counsel now directly owns 34,702 shares of the company’s stock, valued at approximately $514,977.68. This trade represents a 9.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,811 shares of company stock valued at $1,554,021 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PUBM. Lake Street Capital cut their price target on PubMatic from $24.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 28th. Royal Bank of Canada cut their price target on PubMatic from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Scotiabank cut their price target on PubMatic from $17.00 to $15.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and issued a $20.00 price target on shares of PubMatic in a report on Monday, January 27th. Finally, Macquarie reiterated a “neutral” rating and issued a $19.00 price target on shares of PubMatic in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.89.

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.