Insider Selling: PubMatic, Inc. (NASDAQ:PUBM) CAO Sells 1,378 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) CAO Lisa Gimbel sold 1,378 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $14.60, for a total transaction of $20,118.80. Following the sale, the chief accounting officer now directly owns 3,846 shares of the company’s stock, valued at approximately $56,151.60. This represents a 26.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Lisa Gimbel also recently made the following trade(s):

• On Tuesday, August 27th, Lisa Gimbel sold 900 shares of PubMatic stock. The shares were sold at an average price of $15.83, for a total transaction of $14,247.00.

PubMatic Stock Up 5.5 %

Shares of PubMatic stock traded up $0.81 on Tuesday, reaching $15.49. 1,198,622 shares of the stock were exchanged, compared to its average volume of 468,391. The business has a 50 day moving average price of $14.92 and a two-hundred day moving average price of $18.14. The firm has a market capitalization of $767.99 million, a price-to-earnings ratio of 47.35 and a beta of 1.39. PubMatic, Inc. has a twelve month low of $13.18 and a twelve month high of $25.36.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Jefferies Financial Group reduced their price target on shares of PubMatic from $26.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, August 9th. B. Riley decreased their target price on PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James cut PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Evercore ISI boosted their price target on shares of PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lowered their price objective on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and an average target price of $21.71.

Institutional Trading of PubMatic

Several institutional investors and hedge funds have recently bought and sold shares of PUBM. Geode Capital Management LLC grew its position in PubMatic by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 961,155 shares of the company’s stock worth $14,295,000 after purchasing an additional 7,225 shares during the period. Barclays PLC increased its stake in shares of PubMatic by 93.1% during the third quarter. Barclays PLC now owns 129,196 shares of the company’s stock worth $1,921,000 after purchasing an additional 62,284 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in shares of PubMatic during the 3rd quarter worth approximately $565,000. Wellington Management Group LLP increased its position in PubMatic by 222.8% during the third 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. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of PubMatic by 17.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 676,464 shares of the company’s stock worth $10,059,000 after purchasing an additional 100,479 shares during the last quarter. 64.26% of the stock is currently owned by institutional investors and hedge funds.

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.