The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 12,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $5.84, for a total transaction of $73,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Frank Addante also recently made the following trade(s):

  • On Thursday, May 16th, Frank Addante sold 15,309 shares of The Rubicon Project stock. The shares were sold at an average price of $6.37, for a total transaction of $97,518.33.
  • On Monday, April 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The shares were sold at an average price of $5.96, for a total transaction of $74,500.00.

NYSE RUBI opened at $6.35 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.07. The Rubicon Project Inc has a 12 month low of $2.68 and a 12 month high of $7.50.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, May 1st. The software maker reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.06. The firm had revenue of $32.42 million for the quarter, compared to the consensus estimate of $31.20 million. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. On average, equities research analysts anticipate that The Rubicon Project Inc will post -0.66 earnings per share for the current fiscal year.

A number of brokerages have commented on RUBI. Zacks Investment Research raised shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Wednesday. ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. Finally, B. Riley initiated coverage on shares of The Rubicon Project in a research report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, The Rubicon Project has an average rating of “Buy” and an average target price of $6.83.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of The Rubicon Project by 14.2% during the third quarter. Vanguard Group Inc. now owns 2,105,373 shares of the software maker’s stock valued at $7,580,000 after acquiring an additional 261,187 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of The Rubicon Project during the fourth quarter valued at approximately $328,000. Acadian Asset Management LLC increased its position in shares of The Rubicon Project by 309.9% during the fourth quarter. Acadian Asset Management LLC now owns 171,506 shares of the software maker’s stock valued at $640,000 after acquiring an additional 129,667 shares during the last quarter. California Public Employees Retirement System increased its position in shares of The Rubicon Project by 13.8% during the fourth quarter. California Public Employees Retirement System now owns 137,090 shares of the software maker’s stock valued at $511,000 after acquiring an additional 16,644 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of The Rubicon Project by 45.7% during the fourth quarter. BlackRock Inc. now owns 1,154,424 shares of the software maker’s stock valued at $4,306,000 after acquiring an additional 362,122 shares during the last quarter. 63.30% of the stock is currently owned by hedge funds and other institutional investors.

About The Rubicon Project

The Rubicon Project, Inc, together with its subsidiaries, 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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