Macquarie Group Ltd. decreased its position in The Rubicon Project Inc (NYSE:RUBI) by 56.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,800 shares of the software maker’s stock after selling 20,803 shares during the period. Macquarie Group Ltd.’s holdings in The Rubicon Project were worth $59,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC lifted its stake in The Rubicon Project by 140.5% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 481,050 shares of the software maker’s stock valued at $1,794,000 after purchasing an additional 281,050 shares during the last quarter. Virtu Financial LLC purchased a new position in The Rubicon Project in the fourth quarter valued at approximately $114,000. Royce & Associates LP lifted its stake in The Rubicon Project by 5.4% in the fourth quarter. Royce & Associates LP now owns 1,826,272 shares of the software maker’s stock valued at $6,812,000 after purchasing an additional 94,000 shares during the last quarter. Vanguard Group Inc lifted its stake in The Rubicon Project by 14.2% in the third quarter. Vanguard Group Inc now owns 2,105,373 shares of the software maker’s stock valued at $7,580,000 after purchasing an additional 261,187 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in The Rubicon Project by 711.0% in the third quarter. JPMorgan Chase & Co. now owns 131,194 shares of the software maker’s stock valued at $472,000 after purchasing an additional 115,017 shares during the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.

NYSE:RUBI opened at $6.09 on Friday. The firm has a market cap of $325.82 million, a price-to-earnings ratio of -7.16 and a beta of 1.59. The Rubicon Project Inc has a 1 year low of $1.96 and a 1 year high of $7.00.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, February 27th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.08. The Rubicon Project had a negative return on equity of 33.92% and a negative net margin of 49.58%. As a group, sell-side analysts forecast that The Rubicon Project Inc will post -0.28 EPS for the current year.

In related news, Director Frank Addante sold 12,500 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $5.96, for a total value of $74,500.00. Following the sale, the director now owns 1,282,866 shares in the company, valued at $7,645,881.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Blima Tuller sold 7,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $6.87, for a total value of $51,525.00. Following the completion of the sale, the insider now owns 149,260 shares in the company, valued at approximately $1,025,416.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,309 shares of company stock worth $1,211,008. Company insiders own 12.70% of the company’s stock.

RUBI has been the topic of several recent research reports. B. Riley initiated coverage on The Rubicon Project in a research report on Wednesday. They set a “buy” rating and a $9.00 target price on the stock. Zacks Investment Research downgraded The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, ValuEngine downgraded The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.00.

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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.

Further Reading: Coverage Ratio

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

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