PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) insider Mukul Kumar sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $21.64, for a total transaction of $151,480.00. Following the transaction, the insider now directly owns 30,958 shares in the company, valued at $669,931.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
PubMatic Stock Performance
PUBM traded down $0.16 during trading on Wednesday, hitting $21.57. The stock had a trading volume of 254,499 shares, compared to its average volume of 488,218. The company has a market capitalization of $1.08 billion, a PE ratio of 143.80 and a beta of 1.52. PubMatic, Inc. has a twelve month low of $10.92 and a twelve month high of $24.18. The stock has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $16.86.
PubMatic (NASDAQ:PUBM – Get Free Report) last announced its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.15. The company had revenue of $84.60 million during the quarter, compared to the consensus estimate of $78.19 million. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. PubMatic’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, equities research analysts anticipate that PubMatic, Inc. will post 0.17 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Stock Report on PubMatic
Institutional Investors Weigh In On PubMatic
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of PubMatic by 0.7% in the third quarter. Vanguard Group Inc. now owns 4,319,892 shares of the company’s stock worth $71,840,000 after buying an additional 29,696 shares during the last quarter. BlackRock Inc. raised its holdings in shares of PubMatic by 19.8% in the second quarter. BlackRock Inc. now owns 3,311,217 shares of the company’s stock worth $60,529,000 after buying an additional 546,233 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of PubMatic by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock worth $25,366,000 after buying an additional 228,190 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of PubMatic by 8.0% in the first quarter. Royal Bank of Canada now owns 1,181,482 shares of the company’s stock worth $30,860,000 after buying an additional 87,549 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of PubMatic by 1.3% in the second quarter. State Street Corp now owns 902,872 shares of the company’s stock worth $16,504,000 after buying an additional 11,564 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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