Mukul Kumar Sells 7,000 Shares of PubMatic, Inc. (NASDAQ:PUBM) Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 7,000 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $16.51, for a total transaction of $115,570.00. Following the sale, the insider now owns 52,005 shares in the company, valued at approximately $858,602.55. This trade represents a 11.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mukul Kumar also recently made the following trade(s):

• On Thursday, January 2nd, Mukul Kumar sold 4,480 shares of PubMatic stock. The shares were sold at an average price of $14.84, for a total value of $66,483.20.
• On Monday, December 16th, Mukul Kumar sold 7,000 shares of PubMatic stock. The stock was sold at an average price of $16.52, for a total value of $115,640.00.
• On Monday, December 2nd, Mukul Kumar sold 7,000 shares of PubMatic stock. The shares were sold at an average price of $16.54, for a total transaction of $115,780.00.

PubMatic Trading Up 2.9 %

PubMatic stock opened at $17.14 on Thursday. PubMatic, Inc. has a 1-year low of $13.18 and a 1-year high of $25.36. The firm has a market cap of $818.73 million, a P/E ratio of 55.29 and a beta of 1.41. The firm has a 50-day moving average of $15.41 and a 200-day moving average of $15.52.

Institutional Investors Weigh In On PubMatic

Institutional investors and hedge funds have recently bought and sold shares of the business. Truist Financial Corp bought a new position in shares of PubMatic during the second quarter valued at approximately $380,000. SG Americas Securities LLC raised its holdings in PubMatic by 170.6% in the 3rd quarter. SG Americas Securities LLC now owns 24,223 shares of the company’s stock worth $360,000 after purchasing an additional 15,273 shares in the last quarter. Inspire Investing LLC raised its holdings in PubMatic by 57.6% in the 3rd quarter. Inspire Investing LLC now owns 27,659 shares of the company’s stock worth $411,000 after purchasing an additional 10,109 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of PubMatic by 1,387.1% in the 3rd quarter. International Assets Investment Management LLC now owns 5,205 shares of the company’s stock worth $77,000 after purchasing an additional 4,855 shares during the period. Finally, BayBridge Capital Group LLC bought a new stake in shares of PubMatic during the 3rd quarter valued at about $387,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PUBM shares. JMP Securities restated a “market outperform” rating and issued a $20.00 price objective on shares of PubMatic in a report on Monday, January 27th. Macquarie reissued a “neutral” rating and issued a $19.00 price target on shares of PubMatic in a research note on Thursday, November 14th. Scotiabank began coverage on PubMatic in a research note on Thursday, December 5th. They set a “sector perform” rating and a $17.00 price objective on the stock. Royal Bank of Canada decreased their price objective on PubMatic from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Evercore ISI increased their target price on PubMatic from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.