Jump Financial LLC bought a new position in shares of PubMatic, Inc. (NASDAQ:PUBM – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,896 shares of the company’s stock, valued at approximately $362,000. Jump Financial LLC owned approximately 0.06% of PubMatic at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of PUBM. Ancora Advisors LLC acquired a new position in shares of PubMatic during the fourth quarter worth $26,000. Guinness Atkinson Asset Management Inc boosted its stake in PubMatic by 48.6% in the third quarter. Guinness Atkinson Asset Management Inc now owns 3,032 shares of the company’s stock valued at $37,000 after acquiring an additional 992 shares in the last quarter. Lazard Asset Management LLC acquired a new position in PubMatic in the second quarter valued at $46,000. Quantbot Technologies LP acquired a new position in PubMatic in the second quarter valued at $68,000. Finally, TFC Financial Management Inc. boosted its stake in PubMatic by 76.9% in the third quarter. TFC Financial Management Inc. now owns 5,750 shares of the company’s stock valued at $70,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 39.80% of the company’s stock.
Insider Transactions at PubMatic
In related news, insider Paulina Klimenko sold 30,706 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $17.04, for a total transaction of $523,230.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Andrew Woods sold 2,324 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.96, for a total transaction of $37,091.04. Following the completion of the transaction, the general counsel now directly owns 15,687 shares of the company’s stock, valued at $250,364.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paulina Klimenko sold 30,706 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $17.04, for a total transaction of $523,230.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,930 shares of company stock worth $1,426,635. Company insiders own 2.00% of the company’s stock.
PubMatic Stock Performance
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. TheStreet upgraded shares of PubMatic from a “d” rating to a “c-” rating in a research note on Friday, December 8th. Raymond James decreased their price objective on shares of PubMatic from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.00.
PubMatic Company Profile
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 custom management tools and performance optimization insights; Openwrap OTT, a prebid-powered unified bidding solution; and Openwrap SDK, an enterprise-grade management tools and analytics.
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