Jane Street Group LLC Takes Position in The Rubicon Project Inc (RUBI)

Jane Street Group LLC acquired a new position in shares of The Rubicon Project Inc (NYSE:RUBI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 92,460 shares of the software maker’s stock, valued at approximately $264,000. Jane Street Group LLC owned about 0.18% of The Rubicon Project at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RUBI. California Public Employees Retirement System purchased a new position in The Rubicon Project during the 1st quarter worth $174,000. JPMorgan Chase & Co. boosted its holdings in shares of The Rubicon Project by 237.8% in the 1st quarter. JPMorgan Chase & Co. now owns 98,141 shares of the software maker’s stock worth $177,000 after buying an additional 69,088 shares during the last quarter. Cannell Capital LLC purchased a new position in shares of The Rubicon Project in the 2nd quarter worth about $179,000. Cubist Systematic Strategies LLC boosted its holdings in shares of The Rubicon Project by 170.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 64,046 shares of the software maker’s stock worth $183,000 after buying an additional 40,374 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of The Rubicon Project in the 2nd quarter worth about $196,000. 57.21% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Michael G. Barrett purchased 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were bought at an average cost of $3.42 per share, with a total value of $342,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.70% of the stock is currently owned by insiders.

RUBI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of The Rubicon Project from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. SunTrust Banks reissued a “buy” rating and issued a $4.00 price target on shares of The Rubicon Project in a report on Thursday, August 2nd. Finally, Craig Hallum reissued a “buy” rating on shares of The Rubicon Project in a report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $3.33.

Shares of NYSE:RUBI opened at $3.51 on Friday. The stock has a market capitalization of $190.82 million, a P/E ratio of -3.32 and a beta of 1.35. The Rubicon Project Inc has a fifty-two week low of $1.48 and a fifty-two week high of $4.20.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings results on Wednesday, August 1st. The software maker reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.06. The company had revenue of $28.65 million for the quarter, compared to the consensus estimate of $27.86 million. The Rubicon Project had a negative net margin of 144.16% and a negative return on equity of 42.04%. As a group, analysts predict that The Rubicon Project Inc will post -1.21 earnings per share for the current fiscal year.

The Rubicon Project Company Profile

The Rubicon Project, Inc 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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Institutional Ownership by Quarter for The Rubicon Project (NYSE:RUBI)

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