GSA Capital Partners LLP Takes Position in PubMatic, Inc. (NASDAQ:PUBM)

GSA Capital Partners LLP acquired a new position in PubMatic, Inc. (NASDAQ:PUBM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,113 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in PubMatic by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 4,254,391 shares of the company’s stock worth $100,914,000 after acquiring an additional 22,713 shares during the period. Renaissance Technologies LLC raised its position in shares of PubMatic by 28.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,188,700 shares of the company’s stock valued at $24,142,000 after purchasing an additional 265,700 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of PubMatic by 92.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 440,127 shares of the company’s stock valued at $10,440,000 after buying an additional 211,520 shares in the last quarter. Millennium Management LLC bought a new position in PubMatic in the 2nd quarter worth $6,582,000. Finally, American Century Companies Inc. increased its stake in PubMatic by 9.1% in the 2nd quarter. American Century Companies Inc. now owns 316,514 shares of the company’s stock worth $6,428,000 after buying an additional 26,387 shares in the last quarter. 64.26% of the stock is owned by institutional investors.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 12,831 shares of PubMatic stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $14.31, for a total transaction of $183,611.61. Following the completion of the transaction, the chief financial officer now directly owns 22,506 shares in the company, valued at approximately $322,060.86. This trade represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rajeev K. Goel sold 25,000 shares of PubMatic stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $15.25, for a total transaction of $381,250.00. The disclosure for this sale can be found here. Insiders sold 104,769 shares of company stock valued at $1,539,509 in the last quarter. 2.90% of the stock is currently owned by corporate insiders.

PubMatic Trading Down 0.1 %

Shares of PubMatic stock opened at $16.18 on Friday. The stock’s fifty day moving average price is $15.04 and its 200-day moving average price is $17.96. PubMatic, Inc. has a 12 month low of $13.18 and a 12 month high of $25.36. The firm has a market cap of $772.87 million, a P/E ratio of 52.19 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their price objective on PubMatic from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. B. Riley reduced their price objective on shares of PubMatic from $31.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James downgraded shares of PubMatic from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada cut their target price on shares of PubMatic from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Finally, Macquarie reissued a “neutral” rating and set a $19.00 price objective on shares of PubMatic in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

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.