The Rubicon Project Inc (NYSE:RUBI) insider Blima Tuller sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 149,260 shares in the company, valued at approximately $1,025,416.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of RUBI stock traded up $0.26 during trading hours on Friday, reaching $6.90. The company had a trading volume of 1,386,168 shares, compared to its average volume of 561,041. The Rubicon Project Inc has a 12 month low of $1.65 and a 12 month high of $6.96. The firm has a market capitalization of $343.51 million, a PE ratio of -8.12 and a beta of 1.59.
The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, February 27th. The software maker reported $0.03 earnings per share for the quarter, beating the Zacks’ 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%. On average, research analysts expect that The Rubicon Project Inc will post -0.28 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Cetera Advisor Networks LLC bought a new position in shares of The Rubicon Project in the fourth quarter valued at approximately $46,000. Virtu Financial LLC bought a new position in shares of The Rubicon Project in the fourth quarter valued at approximately $114,000. Smith Asset Management Group LP bought a new position in shares of The Rubicon Project in the fourth quarter valued at approximately $149,000. Acadian Asset Management LLC lifted its holdings in shares of The Rubicon Project by 188.1% in the third quarter. Acadian Asset Management LLC now owns 41,839 shares of the software maker’s stock valued at $150,000 after purchasing an additional 27,318 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of The Rubicon Project in the fourth quarter valued at approximately $160,000. Institutional investors own 63.90% of the company’s stock.
Several research analysts have issued reports on RUBI shares. ValuEngine upgraded The Rubicon Project from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded The Rubicon Project from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, November 15th.
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The Rubicon Project Company Profile
The Rubicon Project, Inc 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.
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