Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PubMatic Inc shares valued at $283,961 were sold by Goel Rajeev K. on Jan 06 ’25. At $15.44 per share, Goel Rajeev K. sold 18,391 shares. The insider’s holdings dropped to 12,505 shares worth approximately $0.18 million following the completion of this transaction.
Also, Goel Rajeev K. sold 6,609 shares, netting a total of over 98,771 in proceeds. Following the sale of shares at $14.94 each, the insider now holds 5,896 shares.
Before that, Rajeev Goel had added 25,000 shares to its account. In a trade valued at $383,250, the Officer bought PubMatic Inc shares for $15.33 each.
As published in their initiating research note from Scotiabank on December 05, 2024, PubMatic Inc [PUBM] has been a Sector perform and the price target has been revised to $17. Analysts at Evercore ISI resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid November. As of August 09, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for PUBM. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for PUBM stock.
Analyzing PUBM Stock Performance
During the last five days, there has been a surge of approximately 0.34%. Over the course of the year, PubMatic Inc shares have jumped approximately 0.34%. Shares of the company reached a 52-week high of $15.62 on 01/06/25 and a 52-week low of $14.60 on 01/08/25. A 50-day SMA is recorded $15.68, while a 200-day SMA reached $18.38. Nevertheless, trading volume fell to 0.23 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for PubMatic Inc (PUBM)
According to the 24-hour chart, there is a support level at 14.57, which, if violated, would cause prices to drop to 14.40. In the upper region, resistance lies at 14.94. The next price resistance is at 15.14. RSI (Relative Strength Index) is 39.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 92.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
