Renaissance Technologies LLC reduced its position in shares of PubMatic, Inc. (NASDAQ:PUBM – Get Rating) by 1.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 754,100 shares of the company’s stock after selling 13,400 shares during the quarter. Renaissance Technologies LLC owned approximately 1.45% of PubMatic worth $12,541,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PUBM. Allspring Global Investments Holdings LLC bought a new position in PubMatic in the 3rd quarter worth $32,000. Ensign Peak Advisors Inc raised its holdings in PubMatic by 37.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,490 shares of the company’s stock worth $55,000 after purchasing an additional 960 shares in the last quarter. New York State Teachers Retirement System bought a new position in PubMatic in the 3rd quarter worth $60,000. Lazard Asset Management LLC raised its holdings in PubMatic by 236.0% in the 3rd quarter. Lazard Asset Management LLC now owns 3,790 shares of the company’s stock worth $63,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Motco bought a new position in PubMatic in the 3rd quarter worth $66,000. 41.61% of the stock is currently owned by institutional investors.
PubMatic Stock Performance
Shares of PUBM stock opened at $13.62 on Friday. PubMatic, Inc. has a one year low of $12.19 and a one year high of $28.30. The company’s 50-day moving average is $14.71 and its 200 day moving average is $16.10. The company has a market capitalization of $716.00 million, a price-to-earnings ratio of 27.24 and a beta of 0.92.
Analysts Set New Price Targets
Insider Activity at PubMatic
In related news, Chairman Amar K. Goel sold 2,345 shares of the stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $13.00, for a total transaction of $30,485.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Amar K. Goel sold 2,345 shares of the stock in a transaction dated Thursday, January 5th. The shares were sold at an average price of $13.00, for a total transaction of $30,485.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven Pantelick sold 3,353 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $12.96, for a total transaction of $43,454.88. Following the sale, the chief financial officer now directly owns 27,766 shares in the company, valued at $359,847.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,628 shares of company stock valued at $778,622. 1.20% of the stock is owned by insiders.
PubMatic 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 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.
See Also
- Get a free copy of the StockNews.com research report on PubMatic (PUBM)
- MarketBeat Week in Review – 2/27 – 3/3
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
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.
