Strs Ohio Has $166,000 Stock Holdings in PubMatic, Inc. (NASDAQ:PUBM)

Strs Ohio boosted its position in shares of PubMatic, Inc. (NASDAQ:PUBMGet Rating) by 58.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after buying an additional 3,700 shares during the quarter. Strs Ohio’s holdings in PubMatic were worth $166,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of PubMatic in the 3rd quarter valued at about $32,000. Ensign Peak Advisors Inc increased its stake in shares of PubMatic by 37.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,490 shares of the company’s stock valued at $55,000 after acquiring an additional 960 shares during the last quarter. Assetmark Inc. increased its stake in shares of PubMatic by 368.4% in the 2nd quarter. Assetmark Inc. now owns 4,281 shares of the company’s stock valued at $68,000 after acquiring an additional 3,367 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of PubMatic in the 2nd quarter valued at about $68,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PubMatic by 47.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,852 shares of the company’s stock valued at $93,000 after acquiring an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 41.61% of the company’s stock.

Insider Transactions at PubMatic

In other news, Chairman Amar K. Goel sold 2,345 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $13.00, for a total transaction of $30,485.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Susan Daimler sold 15,750 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $15.71, for a total value of $247,432.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Amar K. Goel sold 2,345 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $13.00, for a total value of $30,485.00. The disclosure for this sale can be found here. Insiders have sold a total of 148,557 shares of company stock worth $2,264,825 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

PubMatic Stock Up 2.3 %

NASDAQ:PUBM opened at $14.40 on Friday. PubMatic, Inc. has a twelve month low of $12.19 and a twelve month high of $31.85. The business has a 50 day moving average price of $14.07 and a two-hundred day moving average price of $16.54. The company has a market cap of $756.95 million, a P/E ratio of 18.46 and a beta of 0.81.

PubMatic (NASDAQ:PUBMGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. PubMatic had a return on equity of 17.48% and a net margin of 17.14%. The firm had revenue of $64.50 million during the quarter, compared to the consensus estimate of $66.88 million. As a group, analysts anticipate that PubMatic, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PUBM shares. Evercore ISI lowered their price target on PubMatic to $18.00 in a research note on Tuesday, November 15th. JMP Securities decreased their price objective on PubMatic from $34.00 to $22.00 and set a “market outperform” rating for the company in a research report on Wednesday, November 9th. Lake Street Capital decreased their price objective on PubMatic from $24.00 to $19.00 in a research report on Wednesday, November 9th. Raymond James decreased their price objective on PubMatic from $25.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. Finally, Oppenheimer set a $22.00 price objective on PubMatic in a research report on Thursday, December 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and an average target price of $23.63.

About PubMatic

(Get Rating)

PubMatic, Inc provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles.

Featured Stories

Want to see what other hedge funds are holding PUBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PubMatic, Inc. (NASDAQ:PUBMGet Rating).

Institutional Ownership by Quarter for PubMatic (NASDAQ:PUBM)

Receive News & Ratings for PubMatic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PubMatic and related companies with MarketBeat.com's FREE daily email newsletter.