PubMatic Inc’s recently made public that its PRESIDENT, ENGINEERING Kumar Mukul unloaded Company’s shares for reported $0.15 million on Apr 16 ’24. In the deal valued at $21.64 per share,7,000 shares were sold. As a result of this transaction, Kumar Mukul now holds 30,958 shares worth roughly $0.71 million.
Then, Pantelick Steven sold 8,876 shares, generating $210,427 in total proceeds. Upon selling the shares at $23.71, the CHIEF FINANCIAL OFFICER now owns 16,833 shares.
Before that, Klimenko Paulina sold 5,653 shares. PubMatic Inc shares valued at $134,004 were divested by the CHIEF GROWTH OFFICER at a price of $23.70 per share. As a result of the transaction, Klimenko Paulina now holds 3,025 shares, worth roughly $69091.0.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Perform”. Macquarie also remained covering PUBM and has decreased its forecast on August 09, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. B. Riley Securities started covering the stock on April 13, 2023. It rated PUBM as “a Buy”.
Price Performance Review of PUBM
On Tuesday, PubMatic Inc [NASDAQ:PUBM] saw its stock jump 3.02% to $22.84. Over the last five days, the stock has gained 5.11%. PubMatic Inc shares have risen nearly 40.04% since the year began. Nevertheless, the stocks have risen 62.22% over the past one year. While a 52-week high of $24.18 was reached on 04/04/24, a 52-week low of $10.92 was recorded on 01/17/24. SMA at 50 days reached $21.13, while 200 days put it at $16.42. A total of 0.32 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For PUBM Stock
The 24-hour chart illustrates a support level at 22.40, which if violated will result in even more drops to 21.95. On the upside, there is a resistance level at 23.21. A further resistance level may holdings at 23.57. The Relative Strength Index (RSI) on the 14-day chart is 56.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.95%. Stochastics %K at 30.95% indicates the stock is a holding.
