PubMatic (NASDAQ:PUBM) CEO Rajeev Goel Sells 44,000 Shares

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 44,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $8.42, for a total transaction of $370,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

PubMatic Stock Performance

NASDAQ PUBM opened at $7.82 on Thursday. The firm has a 50-day moving average of $11.48 and a 200-day moving average of $11.31. The stock has a market cap of $379.50 million, a PE ratio of -111.70 and a beta of 1.54. PubMatic, Inc. has a 52-week low of $7.01 and a 52-week high of $17.74.

PubMatic (NASDAQ:PUBM) last posted its earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). The company had revenue of $71.10 million for the quarter, compared to analyst estimates of $67.77 million. PubMatic had a negative return on equity of 0.64% and a negative net margin of 0.58%.The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. As a group, analysts predict that PubMatic, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Trading of PubMatic

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in PubMatic by 23,208.3% in the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $26,000 after buying an additional 2,785 shares during the period. Cubist Systematic Strategies LLC bought a new position in PubMatic in the 4th quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PubMatic in the 4th quarter valued at about $57,000. Tower Research Capital LLC TRC increased its holdings in PubMatic by 264.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock valued at $61,000 after buying an additional 3,541 shares during the period. Finally, Headlands Technologies LLC bought a new position in PubMatic in the 1st quarter valued at about $69,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Lake Street Capital cut shares of PubMatic from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $9.50 in a research note on Tuesday, August 12th. Royal Bank Of Canada dropped their price objective on shares of PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. JMP Securities dropped their price objective on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 12th. B. Riley cut shares of PubMatic from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $9.00 in a research note on Tuesday, August 12th. Finally, Evercore ISI dropped their price objective on shares of PubMatic from $16.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $11.79.

About PubMatic

PubMatic, Inc, a technology company, engages in the provision of a cloud infrastructure platform that enables real-time programmatic advertising transactions for digital content creators, advertisers, agencies, agency trading desks, and demand side platforms worldwide. Its PubMatic SSP, a sell-side platform, used for the purchase and sale of digital advertising inventory for publishers and buyers.