Joseph R. Prusz Sells 12,815 Shares of The Rubicon Project Inc (RUBI) Stock

The Rubicon Project Inc (NYSE:RUBI) CRO Joseph R. Prusz sold 12,815 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $6.19, for a total transaction of $79,324.85. Following the transaction, the executive now directly owns 353,244 shares in the company, valued at $2,186,580.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

NYSE RUBI opened at $6.24 on Friday. The Rubicon Project Inc has a 52 week low of $2.19 and a 52 week high of $7.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.25 and a quick ratio of 1.25.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, May 1st. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $32.42 million for the quarter, compared to analysts’ expectations of $31.20 million. As a group, research analysts forecast that The Rubicon Project Inc will post -0.66 earnings per share for the current fiscal year.

RUBI has been the topic of a number of recent research reports. Zacks Investment Research cut shares of The Rubicon Project from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. B. Riley initiated coverage on shares of The Rubicon Project in a research report on Wednesday, April 17th. They set a “buy” rating and a $9.00 target price on the stock. Finally, ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $7.00.

Several hedge funds and other institutional investors have recently bought and sold shares of RUBI. Renaissance Technologies LLC lifted its position in shares of The Rubicon Project by 43.8% during the first 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 in the last quarter. Acadian Asset Management LLC increased its stake in shares of The Rubicon Project by 223.7% in the first quarter. Acadian Asset Management LLC now owns 555,128 shares of the software maker’s stock worth $3,375,000 after buying an additional 383,622 shares during the last quarter. Deutsche Bank AG increased its stake in shares of The Rubicon Project by 350.1% in the fourth quarter. Deutsche Bank AG now owns 465,711 shares of the software maker’s stock worth $1,737,000 after buying an additional 362,237 shares during the last quarter. BlackRock Inc. increased its stake in shares of The Rubicon Project by 45.7% in the fourth quarter. BlackRock Inc. now owns 1,154,424 shares of the software maker’s stock worth $4,306,000 after buying an additional 362,122 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of The Rubicon Project by 237.9% in the first quarter. Parametric Portfolio Associates LLC now owns 435,495 shares of the software maker’s stock worth $2,648,000 after buying an additional 306,623 shares during the last quarter. 62.86% of the stock is currently owned by institutional investors and hedge funds.

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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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