Foundation Capital Lowers stake in TubeMogul Inc (TUBE)

TubeMogul Inc (TUBE) : Foundation Capital reduced its stake in TubeMogul Inc by 5.21% during the most recent quarter end. The investment management company now holds a total of 7,100,829 shares of TubeMogul Inc which is valued at $88.5 Million after selling 390,000 shares in TubeMogul Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.TubeMogul Inc makes up approximately 18.28% of Foundation Capital’s portfolio.

Other Hedge Funds, Including , Group One Trading reduced its stake in TUBE by selling 452 shares or 14.81% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of TUBE which is valued at $32,422.Manufacturers Life Insurance Company The boosted its stake in TUBE in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 11,607 shares of TubeMogul Inc which is valued at $144,739.Nationwide Fund Advisors boosted its stake in TUBE in the latest quarter, The investment management firm added 561 additional shares and now holds a total of 10,378 shares of TubeMogul Inc which is valued at $127,338.Swiss National Bank boosted its stake in TUBE in the latest quarter, The investment management firm added 13,400 additional shares and now holds a total of 31,200 shares of TubeMogul Inc which is valued at $382,824.

TubeMogul Inc opened for trading at $11.67 and hit $12.43 on the upside on Friday, eventually ending the session at $12.35, with a gain of 7.11% or 0.82 points. The heightened volatility saw the trading volume jump to 3,25,160 shares. Company has a market cap of $441,636 M.

On the company’s financial health, TubeMogul Inc reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $-0.21. The company had revenue of $42.08 million for the quarter, compared to analysts expectations of $41.76 million. The company’s revenue was up 38.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.

TubeMogul Inc. is an enterprise software company for digital branding. The Company offers a platform that enables customers to launch digital video advertising campaigns onto any digital device. The Company’s customers primarily include brands companies or product lines within companies. Agency trading desks ad networks and publishers also uses its platform. The Company’s platform is integrated with public digital video ad inventory sources where individual ad impressions can be purchased utilizing real-time bidding technology (RTB). The Company offers advertisers the visibility into the inventory they purchase including enabling them to see video ad performance and viewability at any dimension of a campaign. The Company’s platform also includes a suite of safety technologies designed to prevent unacceptable ad placements and to detect and block sites with inappropriate content auto-play ad placements or fraudulent bot-driven traffic.

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