Michael Murphy and Daniel Donoghue‘s Discovery Group had its stake in Tubemogul Inc (NASDAQ:TUBE) increased, according to a recently-amended filing with the Securities and Exchange Commission. According to this filing, the fund now holds 2.31 million shares, the equivalent of 6.5% of the company’s common stock, up from the previous 2.2 million stake reported in its latest 13F filing.
A developer of software for digital branding, Tubemogul Inc (NASDAQ:TUBE) has a market cap of $435 million and does not pay a dividend. In the beginning of May, the company reported first quarter financial results that were below expectations. Tubemogul posted a loss of $8.3 million or $0.23 per share, while revenues stood at $42.1 million. The consensus among analysts was a loss of $0.19 per share on the back of $42.4 million in revenues. So far this year, the stock has not been in a clear trend, trading sideways between the $10 and $14 levels. Shares ended yesterday’s trading session at $12.21, down by 8.3% since the start of the year.
Hedge fund interest in Tubemogul Inc (NASDAQ:TUBE) inched up during the first quarter, as the number of long positions rose to 8 by the end of March, from 7 registered a quarter before. Anand Parekh’s Alyeska Investment Group reportedly holds 1.1 million shares, down by 8% over the quarter and valued at $14.2 million. Adage Capital Management, run by Phill Gross and Robert Atchinson, is also invested, holding 1.05 million shares worth $13.6 million at the end of March.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Discovery Equity Partners||2,313,536||2,313,536||2,313,536||6.5%|
|Discovery Group I||2,313,536||2,313,536||2,313,536||6.5%|
|Daniel J. Donoghue||2,313,536||2,313,536||2,313,536||6.5%|
|Michael R. Murphy||2,313,536||2,313,536||2,313,536||6.5%|
Page 1 of 9 – SEC Filing
AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS
TO § 240.13d-1(a) AND AMENDMENTS
PURSUANT TO § 240.13d-2(a)
UNDER THE SECURITIES
EXCHANGE ACT OF 1934
(Amendment No. 1)*
(Name of Issuer)
(Title of Class of Securities)
Discovery Group I, LLC
300 South Wacker Drive
Chicago, Illinois 60606
Telephone Number: (312) 265-9600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(Date of Event which Requires Filing of
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