The Rubicon Project Inc (RUBI) : Rho Capital Partners Inc reduced its stake in The Rubicon Project Inc by 34.22% during the most recent quarter end. The investment management company now holds a total of 287,699 shares of The Rubicon Project Inc which is valued at $3,999,016 after selling 149,691 shares in The Rubicon Project Inc , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.The Rubicon Project Inc makes up approximately 3.01% of Rho Capital Partners Inc’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp added RUBI to its portfolio by purchasing 4,455 company shares during the most recent quarter which is valued at $61,925. Bnp Paribas Arbitrage Sa added RUBI to its portfolio by purchasing 1,447 company shares during the most recent quarter which is valued at $20,099.
The Rubicon Project Inc opened for trading at $13.91 and hit $14.05 on the upside on Monday, eventually ending the session at $14, with a gain of 0.57% or 0.08 points. The heightened volatility saw the trading volume jump to 2,41,874 shares. Company has a market cap of $678 M.
On the company’s financial health, The Rubicon Project Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $63.60 million for the quarter, compared to analysts expectations of $59.35 million. The company’s revenue was up 71.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
The Rubicon Project Inc. is a technology company that focuses to automate the buying and selling of advertising. The Company’s Advertising Automation Cloud platform provides user reach and a marketplace for the real time trading of digital advertising between buyers and sellers. Buyers of digital advertising use its platform to reach around 600 million Internet users globally on some of the sellers’ Websites and applications. Sellers of digital advertising use its platform for advertising while accessing a market of buyers representing advertiser brands around the world. Its Advertising Automation Cloud features applications for digital advertising sellers including Websites mobile applications and other digital media properties to sell advertising inventory; applications for buyers including advertisers agencies agency trading desks (ATDs) demand side platforms (DSPs) and ad networks to buy advertising inventory and a marketplace where such transactions are executed.