The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 15,309 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $6.37, for a total transaction of $97,518.33. Following the completion of the sale, the director now owns 1,270,366 shares in the company, valued at $8,092,231.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • 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.
  • On Friday, March 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The shares were sold at an average price of $6.79, for a total transaction of $84,875.00.
  • On Monday, February 25th, Frank Addante sold 75,000 shares of The Rubicon Project stock. The shares were sold at an average price of $5.26, for a total transaction of $394,500.00.

NYSE RUBI traded up $0.04 during trading on Friday, hitting $6.24. The stock had a trading volume of 773,326 shares, compared to its average volume of 966,441. The company has a market cap of $323.11 million, a P/E ratio of -7.34 and a beta of 1.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.25 and a quick ratio of 1.25. The Rubicon Project Inc has a twelve month low of $2.19 and a twelve month high of $7.50.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Weiss Asset Management LP acquired a new position in shares of The Rubicon Project during the first quarter worth about $128,000. Jane Street Group LLC acquired a new position in shares of The Rubicon Project during the first quarter worth about $122,000. BlueCrest Capital Management Ltd grew its position in shares of The Rubicon Project by 57.4% during the first quarter. BlueCrest Capital Management Ltd now owns 52,130 shares of the software maker’s stock worth $317,000 after buying an additional 19,016 shares in the last quarter. SEI Investments Co acquired a new position in shares of The Rubicon Project during the first quarter worth about $599,000. Finally, Goldman Sachs Group Inc. grew its position in shares of The Rubicon Project by 209.1% during the first quarter. Goldman Sachs Group Inc. now owns 311,095 shares of the software maker’s stock worth $1,891,000 after buying an additional 210,451 shares in the last quarter. 62.86% of the stock is owned by institutional investors.

Several research firms have weighed in on RUBI. Zacks Investment Research downgraded The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. B. Riley began coverage on The Rubicon Project in a research report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 target price for the company. Finally, ValuEngine raised The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $7.00.

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The Rubicon Project Company Profile

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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Insider Buying and Selling by Quarter for The Rubicon Project (NYSE:RUBI)

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