Wellington Management Group LLP Buys 17,497 Shares of PubMatic, Inc. (NASDAQ:PUBM)

Wellington Management Group LLP grew its stake in shares of PubMatic, Inc. (NASDAQ:PUBM) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,397 shares of the company’s stock after acquiring an additional 17,497 shares during the period. Wellington Management Group LLP owned 0.64% of PubMatic worth $5,275,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PUBM. Panagora Asset Management Inc. lifted its holdings in PubMatic by 139.3% during the 4th quarter. Panagora Asset Management Inc. now owns 150,219 shares of the company’s stock worth $2,450,000 after purchasing an additional 87,435 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PubMatic by 8.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 436,130 shares of the company’s stock valued at $7,113,000 after acquiring an additional 35,286 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in PubMatic during the fourth quarter worth about $469,000. Versor Investments LP raised its stake in PubMatic by 16.0% in the 4th quarter. Versor Investments LP now owns 22,247 shares of the company’s stock worth $363,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in PubMatic by 17.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,555,199 shares of the company’s stock valued at $25,366,000 after purchasing an additional 228,190 shares during the period. Institutional investors own 64.26% of the company’s stock.

Insider Transactions at PubMatic

In related news, Chairman Amar K. Goel sold 2,200 shares of PubMatic stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $24.50, for a total transaction of $53,900.00. Following the sale, the chairman now directly owns 2,640 shares of the company’s stock, valued at approximately $64,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Mukul Kumar sold 9,496 shares of PubMatic stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $21.08, for a total transaction of $200,175.68. Following the sale, the insider now directly owns 30,958 shares of the company’s stock, valued at $652,594.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Amar K. Goel sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $24.50, for a total value of $53,900.00. Following the completion of the transaction, the chairman now directly owns 2,640 shares of the company’s stock, valued at approximately $64,680. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,120 shares of company stock valued at $2,323,160. 2.90% of the stock is currently owned by insiders.

PubMatic Price Performance

Shares of NASDAQ:PUBM opened at $20.31 on Friday. PubMatic, Inc. has a 1 year low of $10.92 and a 1 year high of $25.36. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 96.72 and a beta of 1.48. The company’s 50 day simple moving average is $22.11 and its 200 day simple moving average is $19.83.

PubMatic (NASDAQ:PUBM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.07. The company had revenue of $66.70 million for the quarter, compared to analyst estimates of $62.19 million. PubMatic had a return on equity of 4.21% and a net margin of 4.42%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.09) EPS. As a group, analysts anticipate that PubMatic, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PUBM. Royal Bank of Canada raised their target price on shares of PubMatic from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. B. Riley initiated coverage on PubMatic in a research note on Friday, April 19th. They set a “buy” rating and a $27.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PubMatic presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

PubMatic 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.