Frank Addante Sells 15,309 Shares of The Rubicon Project Inc (RUBI) Stock

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The Rubicon Project Inc (NYSE:RUBI) Director Frank Addante sold 15,309 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $6.37, for a total value of $97,518.33. Following the completion of the transaction, the director now directly owns 1,270,366 shares in the company, valued at approximately $8,092,231.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, April 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The shares were sold at an average price of $5.96, for a total value of $74,500.00.
  • On Friday, March 15th, Frank Addante sold 12,500 shares of The Rubicon Project stock. The shares were sold at an average price of $6.79, for a total value of $84,875.00.
  • On Monday, February 25th, Frank Addante sold 75,000 shares of The Rubicon Project stock. The shares were sold at an average price of $5.26, for a total value of $394,500.00.

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

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

RUBI has been the topic of a number of recent research reports. Zacks Investment Research raised 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 raised The Rubicon Project from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, B. Riley initiated coverage on 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 assigned a buy rating to the company. The Rubicon Project has a consensus rating of “Buy” and a consensus target price of $7.00.

A number of institutional investors have recently bought and sold shares of RUBI. BlackRock Inc. grew its stake in shares of The Rubicon Project by 3.0% in the 3rd quarter. BlackRock Inc. now owns 792,302 shares of the software maker’s stock valued at $2,853,000 after purchasing an additional 23,298 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of The Rubicon Project by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,543,129 shares of the software maker’s stock worth $9,155,000 after acquiring an additional 146,571 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of The Rubicon Project by 14.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,105,373 shares of the software maker’s stock worth $7,580,000 after acquiring an additional 261,187 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of The Rubicon Project by 14.2% in the 3rd quarter. Vanguard Group Inc now owns 2,105,373 shares of the software maker’s stock worth $7,580,000 after acquiring an additional 261,187 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of The Rubicon Project in the 4th quarter worth approximately $114,000. 62.86% of the stock is currently owned by institutional investors.

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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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