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Tuesday, June 6, 2023

Insights Into PubMatic Inc. (PUBM) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for PubMatic Inc. (PUBM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.58, or 4.60%, to $13.20. The PubMatic Inc. has recorded 52,248 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PubMatic Announces First Quarter 2023 Financial Results.

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Stocks Info

PubMatic Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $12.62 and fluctuated between $12.72 as its day high and $12.40 as its day low. The current market capitalization of PubMatic Inc. is $661.74M. A total of 0.78 million shares were traded on the day, compared to an average of 477.65K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PUBM has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 40,307 and the disposition of 41,152 shares. Over the last 12 months, there were 115 BUYs and 127 SELLs from insiders. Insiders purchased 812,274 shares during that period but sold 806,176.

In the most recent transaction, Pantelick Steven sold 4,673 shares of PUBM for 13.43 per share on Apr 05. After the transaction, the Chief Financial Officer now owns 17,442 company shares. In a previous transaction on Apr 05, Goel Amar K. sold 2,577 shares at 13.42 per share. PUBM shares that Chairman, Chief Innovation Off owns now total 1,309.

Among the insiders who sold shares, Goel Rajeev K. disposed of 17,893 shares on Apr 03 at a per-share price of $13.70. This resulted in the Chief Executive Officer holding 33,836 shares of PUBM after the transaction. In another insider transaction, Hirsch Jeffrey K. sold 3,683 shares at $13.70 per share on Apr 03. Company shares held by the Former Chief Commercial Off. now total 13,784.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PUBM in the last 3 months, the mean price target is $17.25 with high estimates of $21.00 and low estimates of $14.00. In terms of 52-week highs and lows, PUBM has a high of $23.60 and a low of $11.73.

As of this writing, PUBM has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.29. The company reported an EPS of $0.06 in the last quarter, which was -53.80% lower than expectations of $0.13.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PUBM’s latest balance sheet shows that the firm has $159.63M in Cash & Short Term Investments as of fiscal 2021. There were $21.71M in debt and $266.96M in liabilities at the time. Its Book Value Per Share was $5.58, while its Total Shareholder’s Equity was $257.18M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PUBM is Buy with a score of 4.00.

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