The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 12,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.21, for a total transaction of $115,125.00. Following the transaction, the director now owns 1,234,819 shares in the company, valued at approximately $11,372,682.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Frank Addante also recently made the following trade(s):
- On Thursday, August 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $9.40, for a total transaction of $117,500.00.
- On Monday, July 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $6.82, for a total transaction of $85,250.00.
Shares of NYSE:RUBI traded up $0.10 on Thursday, hitting $9.56. 15,396 shares of the company were exchanged, compared to its average volume of 735,631. The company’s 50 day moving average price is $9.75 and its two-hundred day moving average price is $7.20. The Rubicon Project Inc has a one year low of $3.00 and a one year high of $10.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $513.47 million, a price-to-earnings ratio of -11.26 and a beta of 1.67.
The Rubicon Project (NYSE:RUBI) last posted its quarterly earnings data on Wednesday, July 31st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The Rubicon Project had a negative net margin of 26.05% and a negative return on equity of 19.85%. The company had revenue of $37.87 million for the quarter, compared to the consensus estimate of $35.65 million. Research analysts predict that The Rubicon Project Inc will post -0.54 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in The Rubicon Project during the second quarter worth about $25,000. Aperio Group LLC bought a new stake in The Rubicon Project in the second quarter valued at approximately $48,000. Fox Run Management L.L.C. bought a new stake in The Rubicon Project in the second quarter valued at approximately $64,000. Marshall Wace North America L.P. bought a new stake in The Rubicon Project in the second quarter valued at approximately $65,000. Finally, 361 Capital LLC bought a new stake in The Rubicon Project in the first quarter valued at approximately $75,000. 65.37% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The Rubicon Project has an average rating of “Buy” and an average target price of $7.42.
About The Rubicon Project
The Rubicon Project, Inc, together with its subsidiaries, 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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