Yahoo Finanzen Insider Sell: President of Engineering Mukul Kumar Sells 7,000 Shares of PubMatic Inc (PUBM)
Mukul Kumar, President of Engineering at PubMatic Inc (NASDAQ:PUBM), has sold 7,000 shares of the company on April 16, 2024, according to a recent SEC filing. The transaction was executed at an average price of $21.64 per share, resulting in a total value of $151,480.PubMatic Inc is a technology company that provides a specialized cloud infrastructure platform that enables real-time programmatic advertising transactions. The company's platform supports digital advertising to be sold and purchased through automated auctions in real time. PubMatic operates in a rapidly evolving industry that is increasingly relying on programmatic advertising as a method of reaching consumers.Mukul Kumar has a history of selling shares in the company; over the past year, the insider has sold a total of 105,183 shares and has not made any purchases.The insider transaction history for PubMatic Inc shows a pattern of insider sales, with 69 insider sells and no insider buys over the past year.
Shares of PubMatic Inc were trading at $21.64 on the day of the insider's recent sale, giving the company a market cap of $1.079 billion. The price-earnings ratio of the company stands at 143.80, which is significantly higher than the industry median of 26.29 and above the company's historical median price-earnings ratio.The stock's valuation, when compared to the GuruFocus Value (GF Value) of $19.22, indicates that PubMatic Inc is modestly overvalued with a price-to-GF-Value ratio of 1.13.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.For more information and detailed analysis, you can view the SEC filing here.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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