Jonathan Feldman Sells 2,613 Shares of The Rubicon Project Inc (RUBI) Stock

The Rubicon Project Inc (NYSE:RUBI) insider Jonathan Feldman sold 2,613 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $6.19, for a total transaction of $16,174.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of RUBI stock traded up $0.04 during mid-day trading on Friday, hitting $6.24. 773,300 shares of the stock were exchanged, compared to its average volume of 692,646. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.07. The Rubicon Project Inc has a 52-week low of $2.19 and a 52-week high of $7.50. The firm has a market cap of $330.85 million, a P/E ratio of -7.34 and a beta of 1.59.

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Wednesday, May 1st. The software maker reported ($0.14) earnings per share 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 during the quarter, compared to the consensus estimate of $31.20 million. On average, analysts anticipate that The Rubicon Project Inc will post -0.66 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of The Rubicon Project by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,651,003 shares of the software maker’s stock worth $16,118,000 after purchasing an additional 81,952 shares during the last quarter. Vanguard Group Inc. raised its position in shares of The Rubicon Project by 14.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,105,373 shares of the software maker’s stock worth $7,580,000 after purchasing an additional 261,187 shares during the last quarter. Vanguard Group Inc raised its position in shares of The Rubicon Project by 14.2% during the 3rd quarter. Vanguard Group Inc now owns 2,105,373 shares of the software maker’s stock worth $7,580,000 after purchasing an additional 261,187 shares during the last quarter. Royce & Associates LP raised its position in shares of The Rubicon Project by 5.4% during the 4th quarter. Royce & Associates LP now owns 1,826,272 shares of the software maker’s stock worth $6,812,000 after purchasing an additional 94,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of The Rubicon Project by 43.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,390,089 shares of the software maker’s stock worth $8,452,000 after purchasing an additional 423,485 shares during the last quarter. Hedge funds and other institutional investors own 62.86% of the company’s stock.

RUBI has been the topic of several recent analyst reports. Zacks Investment Research raised 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 research note on Saturday, March 9th. ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, B. Riley initiated coverage on shares of The Rubicon Project in a research note on Wednesday, April 17th. They set a “buy” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The Rubicon Project currently has an average rating of “Buy” and an average target price of $7.00.

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

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