Steven Pantelick Sells 4,000 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) CFO Steven Pantelick sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $15.14, for a total value of $60,560.00. Following the completion of the transaction, the chief financial officer now directly owns 22,506 shares of the company’s stock, valued at approximately $340,740.84. This trade represents a 15.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Steven Pantelick also recently made the following trade(s):

• On Thursday, January 2nd, Steven Pantelick sold 10,040 shares of PubMatic stock. The stock was sold at an average price of $14.84, for a total transaction of $148,993.60.
• On Tuesday, December 3rd, Steven Pantelick sold 4,000 shares of PubMatic stock. The shares were sold at an average price of $16.56, for a total transaction of $66,240.00.

PubMatic Price Performance

Shares of NASDAQ:PUBM opened at $15.84 on Friday. The firm’s 50 day simple moving average is $15.40 and its two-hundred day simple moving average is $15.72. The company has a market capitalization of $756.68 million, a P/E ratio of 51.10 and a beta of 1.41. PubMatic, Inc. has a 1-year low of $13.18 and a 1-year high of $25.36.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in PubMatic during the fourth quarter valued at about $27,000. Principal Financial Group Inc. grew its position in shares of PubMatic by 9.7% during the fourth quarter. Principal Financial Group Inc. now owns 25,178 shares of the company’s stock worth $370,000 after purchasing an additional 2,234 shares in the last quarter. Avestar Capital LLC purchased a new stake in shares of PubMatic during the fourth quarter worth about $4,701,000. Leibman Financial Services Inc. raised its stake in PubMatic by 17.0% during the 4th quarter. Leibman Financial Services Inc. now owns 56,690 shares of the company’s stock valued at $833,000 after purchasing an additional 8,231 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in PubMatic by 377.4% in 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 in the last quarter. Institutional investors own 64.26% of the company’s stock.

Analyst Upgrades and Downgrades

PUBM has been the subject of a number of research reports. Scotiabank started coverage on shares of PubMatic in a research note on Thursday, December 5th. They set a “sector perform” rating and a $17.00 target price for the company. Macquarie reiterated a “neutral” rating and set a $19.00 price objective on shares of PubMatic in a research report on Thursday, November 14th. Royal Bank of Canada dropped their target price on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $20.00 price target on shares of PubMatic in a research report on Monday, January 27th. Finally, Evercore ISI increased 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

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.