Insider Selling: TubeMogul Inc. (TUBE) Insider Sells 9,240 Shares of Stock
TubeMogul Inc. (NASDAQ:TUBE) insider Keith Eadie sold 9,240 shares of TubeMogul stock in a transaction on Friday, October 14th. The stock was sold at an average price of $8.30, for a total transaction of $76,692.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of TubeMogul Inc. (NASDAQ:TUBE) traded up 0.12% during mid-day trading on Tuesday, reaching $8.28. The company’s stock had a trading volume of 170,718 shares. TubeMogul Inc. has a 12 month low of $8.05 and a 12 month high of $14.46. The firm’s market cap is $299.90 million. The company has a 50-day moving average of $9.04 and a 200-day moving average of $11.14.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.04. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, analysts predict that TubeMogul Inc. will post ($0.58) earnings per share for the current year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/18/insider-selling-tubemogul-inc-tube-insider-sells-9240-shares-of-stock.html
A number of hedge funds and other institutional investors have recently bought and sold shares of TUBE. Elk Creek Partners LLC boosted its position in TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock valued at $12,021,000 after buying an additional 173,633 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of TubeMogul during the second quarter worth approximately $208,000. A.R.T. Advisors LLC bought a new position in shares of TubeMogul during the second quarter worth approximately $137,000. Murphy Michael R boosted its position in shares of TubeMogul by 12.7% in the second quarter. Murphy Michael R now owns 2,478,190 shares of the company’s stock worth $29,490,000 after buying an additional 278,871 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of TubeMogul during the second quarter worth approximately $194,000. Hedge funds and other institutional investors own 60.55% of the company’s stock.
TUBE has been the topic of a number of recent research reports. Piper Jaffray Cos. reiterated an “overweight” rating and set a $17.00 price target (down previously from $23.00) on shares of TubeMogul in a research note on Thursday, August 11th. First Analysis downgraded shares of TubeMogul from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $17.00 to $11.00 in a research note on Tuesday, August 16th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 target price on shares of TubeMogul in a research note on Tuesday, September 27th. JMP Securities downgraded shares of TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, Zacks Investment Research downgraded shares of TubeMogul from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. TubeMogul has an average rating of “Buy” and a consensus price target of $14.55.
TubeMogul Company Profile
TubeMogul, Inc provides software for brand advertising. The Company’s software platform is used by advertisers to plan, buy, measure and optimize their global brand advertising. Its self-serve software platform enables advertisers to buy advertisement inventory across various advertising channels, including linear television, video-on-demand, connected television, digital video, digital display and social media.
Receive News & Ratings for TubeMogul Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TubeMogul Inc. and related companies with MarketBeat.com's FREE daily email newsletter.