Barclays PLC Has $1.92 Million Position in PubMatic, Inc. (NASDAQ:PUBM)

Barclays PLC boosted its stake in shares of PubMatic, Inc. (NASDAQ:PUBM) by 93.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,196 shares of the company’s stock after purchasing an additional 62,284 shares during the period. Barclays PLC owned about 0.26% of PubMatic worth $1,921,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in PubMatic by 8.1% in the second quarter. Bank of New York Mellon Corp now owns 156,134 shares of the company’s stock valued at $3,171,000 after acquiring an additional 11,712 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of PubMatic by 56.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,132 shares of the company’s stock valued at $185,000 after purchasing an additional 3,280 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of PubMatic by 7.0% in the 2nd quarter. Panagora Asset Management Inc. now owns 227,948 shares of the company’s stock valued at $4,630,000 after purchasing an additional 14,907 shares during the last quarter. Principal Financial Group Inc. increased its position in PubMatic by 14.8% during the second quarter. Principal Financial Group Inc. now owns 30,236 shares of the company’s stock worth $614,000 after buying an additional 3,894 shares during the last quarter. Finally, Versor Investments LP increased its position in PubMatic by 8.2% during the second quarter. Versor Investments LP now owns 22,186 shares of the company’s stock worth $451,000 after buying an additional 1,677 shares during the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on PUBM shares. Evercore ISI boosted their price target on PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Scotiabank started coverage on PubMatic in a research report on Thursday, December 5th. They set a “sector perform” rating and a $17.00 target price for the company. Finally, Macquarie reissued a “neutral” rating and issued a $19.00 price target on shares of PubMatic in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.13.

Insider Activity at PubMatic

In other PubMatic news, CFO Steven Pantelick sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $16.56, for a total value of $66,240.00. Following the completion of the sale, the chief financial officer now owns 22,506 shares in the company, valued at approximately $372,699.36. This trade represents a 15.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Amar K. Goel sold 3,889 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $14.31, for a total value of $55,651.59. Following the sale, the chairman now owns 7,935 shares in the company, valued at approximately $113,549.85. This represents a 32.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,459 shares of company stock worth $1,751,886 in the last ninety days. 2.90% of the stock is currently owned by insiders.

PubMatic Stock Up 0.4 %

Shares of PUBM stock opened at $15.43 on Friday. The stock has a 50 day moving average of $15.71 and a 200-day moving average of $16.90. The firm has a market cap of $737.04 million, a PE ratio of 49.77 and a beta of 1.40. PubMatic, Inc. has a 12 month low of $13.18 and a 12 month high of $25.36.

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.