PubMatic (NASDAQ:PUBM – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07, Briefing.com reports. The business had revenue of $66.70 million for the quarter, compared to analyst estimates of $62.19 million. PubMatic had a return on equity of 3.29% and a net margin of 3.33%. The company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) EPS.
PubMatic Trading Down 0.5 %
NASDAQ:PUBM opened at $22.47 on Friday. PubMatic has a 12-month low of $10.92 and a 12-month high of $25.36. The firm has a market cap of $1.12 billion, a PE ratio of 149.81 and a beta of 1.52. The stock has a fifty day moving average price of $22.70 and a 200 day moving average price of $18.02.
Insiders Place Their Bets
In other news, Chairman Amar K. Goel sold 3,770 shares of PubMatic stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $23.71, for a total value of $89,386.70. Following the completion of the transaction, the chairman now owns 2,640 shares in the company, valued at approximately $62,594.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other PubMatic news, CEO Rajeev K. Goel sold 98,600 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $20.70, for a total value of $2,041,020.00. Following the sale, the chief executive officer now directly owns 7,500 shares in the company, valued at $155,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Amar K. Goel sold 3,770 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $23.71, for a total value of $89,386.70. Following the transaction, the chairman now directly owns 2,640 shares of the company’s stock, valued at $62,594.40. The disclosure for this sale can be found here. Insiders have sold a total of 194,263 shares of company stock worth $4,164,043 in the last quarter. 2.90% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on PUBM
About PubMatic
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.
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