PubMatic, Inc. (NASDAQ:PUBM – Get Free Report) CEO Rajeev K. Goel sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.61, for a total transaction of $169,575.00. Following the sale, the chief executive officer now owns 7,712 shares of the company’s stock, valued at approximately $174,368.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
PubMatic Price Performance
Shares of PUBM traded up $0.33 during trading hours on Thursday, hitting $23.11. The company’s stock had a trading volume of 191,669 shares, compared to its average volume of 459,560. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 153.14 and a beta of 1.52. The business has a 50 day simple moving average of $22.11 and a two-hundred day simple moving average of $17.60. PubMatic, Inc. has a 52-week low of $10.92 and a 52-week high of $24.18.
PubMatic (NASDAQ:PUBM – Get Free Report) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.19 by $0.15. PubMatic had a net margin of 3.33% and a return on equity of 3.29%. The company had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $78.19 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. PubMatic’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts predict that PubMatic, Inc. will post 0.18 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on PUBM
Institutional Investors Weigh In On PubMatic
Several hedge funds have recently bought and sold shares of PUBM. Guinness Atkinson Asset Management Inc lifted its position in PubMatic by 48.6% during the third quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after purchasing an additional 992 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in PubMatic during the third quarter valued at approximately $68,000. Public Employees Retirement System of Ohio bought a new stake in shares of PubMatic in the 3rd quarter worth approximately $142,000. Quantbot Technologies LP bought a new stake in shares of PubMatic in the 3rd quarter worth approximately $154,000. Finally, SVB Wealth LLC bought a new stake in shares of PubMatic in the 4th quarter worth approximately $163,000. 64.26% of the stock is currently owned by institutional investors.
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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