Frank Addante Sells 12,500 Shares of The Rubicon Project Inc (RUBI) Stock

The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 12,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $5.96, for a total transaction of $74,500.00. Following the transaction, the director now owns 1,282,866 shares in the company, valued at $7,645,881.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Frank Addante also recently made the following trade(s):

  • On Friday, March 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $6.79, for a total transaction of $84,875.00.
  • On Monday, February 25th, Frank Addante sold 75,000 shares of The Rubicon Project stock. The stock was sold at an average price of $5.26, for a total transaction of $394,500.00.
  • On Friday, February 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The stock was sold at an average price of $4.83, for a total transaction of $60,375.00.

RUBI opened at $6.21 on Thursday. The company has a market cap of $325.82 million, a P/E ratio of -7.31 and a beta of 1.59. The Rubicon Project Inc has a 1 year low of $1.96 and a 1 year high of $7.00.

The Rubicon Project (NYSE:RUBI) last posted its earnings results on Wednesday, February 27th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.08. The Rubicon Project had a negative net margin of 49.58% and a negative return on equity of 33.92%. Analysts expect that The Rubicon Project Inc will post -0.28 earnings per share for the current year.

RUBI has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded shares of The Rubicon Project from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, B. Riley initiated coverage on shares of The Rubicon Project in a report on Wednesday. They set a “buy” rating and a $9.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The Rubicon Project presently has a consensus rating of “Buy” and a consensus price target of $7.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intrinsic Edge Capital Management LLC increased its position in The Rubicon Project by 140.5% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 481,050 shares of the software maker’s stock worth $1,794,000 after purchasing an additional 281,050 shares in the last quarter. Virtu Financial LLC acquired a new stake in The Rubicon Project during the 4th quarter worth approximately $114,000. Royce & Associates LP increased its position in 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 in the last quarter. Vanguard Group Inc increased its position in 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position in The Rubicon Project by 711.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 131,194 shares of the software maker’s stock worth $472,000 after purchasing an additional 115,017 shares in the last quarter. 62.86% of the stock is owned by hedge funds and other institutional investors.

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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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