Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of The Rubicon Project Inc (NYSE:RUBI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 84,778 shares of the software maker’s stock, valued at approximately $242,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of The Rubicon Project at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RUBI. California Public Employees Retirement System acquired a new position in The Rubicon Project in the 1st quarter valued at $174,000. JPMorgan Chase & Co. grew its holdings in The Rubicon Project by 237.8% in the 1st quarter. JPMorgan Chase & Co. now owns 98,141 shares of the software maker’s stock valued at $177,000 after buying an additional 69,088 shares in the last quarter. B. Riley Financial Inc. acquired a new position in The Rubicon Project in the 1st quarter valued at $180,000. Essex Investment Management Co. LLC grew its holdings in The Rubicon Project by 29.0% in the 2nd quarter. Essex Investment Management Co. LLC now owns 90,622 shares of the software maker’s stock valued at $258,000 after buying an additional 20,382 shares in the last quarter. Finally, A.R.T. Advisors LLC grew its holdings in The Rubicon Project by 44.7% in the 1st quarter. A.R.T. Advisors LLC now owns 176,885 shares of the software maker’s stock valued at $318,000 after buying an additional 54,610 shares in the last quarter. 60.01% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on RUBI shares. ValuEngine raised The Rubicon Project from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $4.00 price objective on shares of The Rubicon Project in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered The Rubicon Project from a “hold” rating to a “sell” rating in a report on Saturday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.33.

Shares of NYSE RUBI opened at $4.06 on Friday. The firm has a market capitalization of $195.39 million, a price-to-earnings ratio of -3.66 and a beta of 1.13. The Rubicon Project Inc has a one year low of $1.48 and a one year high of $4.20.

The Rubicon Project (NYSE:RUBI) last released its earnings results on Wednesday, August 1st. The software maker reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $28.65 million during the quarter, compared to the consensus estimate of $27.86 million. The Rubicon Project had a negative return on equity of 42.04% and a negative net margin of 144.16%. equities research analysts predict that The Rubicon Project Inc will post -1.21 earnings per share for the current year.

In related news, insider Michael G. Barrett bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $3.42 per share, for a total transaction of $342,000.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 13.80% of the company’s stock.

The Rubicon Project Company Profile

The Rubicon Project, Inc provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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