The Rubicon Project Inc (RUBI) CTO Sells $181,435.09 in Stock

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The Rubicon Project Inc (NYSE:RUBI) CTO Thomas Kershaw sold 29,311 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $6.19, for a total transaction of $181,435.09. Following the completion of the transaction, the chief technology officer now owns 601,278 shares in the company, valued at $3,721,910.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Thomas Kershaw also recently made the following trade(s):

  • On Friday, March 15th, Thomas Kershaw sold 23,472 shares of The Rubicon Project stock. The shares were sold at an average price of $6.91, for a total transaction of $162,191.52.

NYSE:RUBI opened at $6.24 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.25. The Rubicon Project Inc has a 1-year low of $2.19 and a 1-year high of $7.50.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The Rubicon Project had a negative net margin of 35.21% and a negative return on equity of 23.77%. The firm had revenue of $32.42 million for the quarter, compared to analyst estimates of $31.20 million. Analysts predict that The Rubicon Project Inc will post -0.66 earnings per share for the current year.

Several hedge funds have recently modified their holdings of RUBI. Renaissance Technologies LLC lifted its holdings in shares of The Rubicon Project by 43.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,390,089 shares of the software maker’s stock worth $8,452,000 after acquiring an additional 423,485 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of The Rubicon Project by 223.7% in the 1st quarter. Acadian Asset Management LLC now owns 555,128 shares of the software maker’s stock worth $3,375,000 after acquiring an additional 383,622 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of The Rubicon Project by 350.1% in the 4th quarter. Deutsche Bank AG now owns 465,711 shares of the software maker’s stock worth $1,737,000 after acquiring an additional 362,237 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of The Rubicon Project by 45.7% in the 4th quarter. BlackRock Inc. now owns 1,154,424 shares of the software maker’s stock worth $4,306,000 after acquiring an additional 362,122 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of The Rubicon Project by 237.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 435,495 shares of the software maker’s stock worth $2,648,000 after acquiring an additional 306,623 shares during the last quarter. Hedge funds and other institutional investors own 62.86% of the company’s stock.

Several research firms have weighed in on RUBI. Zacks Investment Research upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Saturday, March 9th. ValuEngine upgraded shares of The Rubicon Project from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, B. Riley began coverage on shares of The Rubicon Project in a report on Wednesday, April 17th. They issued a “buy” rating and a $9.00 target price on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $7.00.

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The Rubicon Project Company Profile

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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Insider Buying and Selling by Quarter for The Rubicon Project (NYSE:RUBI)

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