Rubicon Proj INC (RUBI) Holder Roumell Asset Management LLC Trimmed Stake as Stock Price Rose

the Rubicon Project, Inc. (NYSE:RUBI) Logo

Roumell Asset Management Llc decreased its stake in Rubicon Proj Inc (RUBI) by 70.52% based on its latest 2019Q1 regulatory filing with the SEC. Roumell Asset Management Llc sold 964,770 shares as the company’s stock rose 33.68% with the market. The hedge fund held 403,400 shares of the technology company at the end of 2019Q1, valued at $2.45 million, down from 1.37M at the end of the previous reported quarter. Roumell Asset Management Llc who had been investing in Rubicon Proj Inc for a number of months, seems to be less bullish one the $355.19 million market cap company. The stock decreased 0.72% or $0.05 during the last trading session, reaching $6.86. About 723,836 shares traded. the Rubicon Project, Inc. (NYSE:RUBI) has risen 201.42% since July 14, 2018 and is uptrending. It has outperformed by 196.99% the S&P500.

Analysts await the Rubicon Project, Inc. (NYSE:RUBI) to report earnings on August, 7. They expect $-0.21 earnings per share, up 22.22 % or $0.06 from last year’s $-0.27 per share. After $-0.14 actual earnings per share reported by the Rubicon Project, Inc. for the previous quarter, Wall Street now forecasts 50.00 % negative EPS growth.

More notable recent the Rubicon Project, Inc. (NYSE:RUBI) news were published by: Seekingalpha.com which released: “The Rubicon Project: Taking A Closer Look At Its Demand Manager Initiative – Seeking Alpha” on July 05, 2019, also Businesswire.com with their article: “Rubicon Project Reports First Quarter 2019 Results – Business Wire” published on May 01, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been More Bullish On DSP Group, Inc. (DSPG) – Yahoo Finance” on June 25, 2019. More interesting news about the Rubicon Project, Inc. (NYSE:RUBI) were released by: Finance.Yahoo.com and their article: “Will The Rubicon Project (RUBI) Report Negative Earnings Next Week? What You Should Know – Yahoo Finance” published on April 24, 2019 as well as Seekingalpha.com‘s news article titled: “Rubicon Project +1.8% as it nears EBITDA break-even – Seeking Alpha” with publication date: May 01, 2019.

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