PubMatic (NASDAQ:PUBM) General Counsel Andrew Woods Sells 4,131 Shares of Stock

PubMatic, Inc. (NASDAQ:PUBM) General Counsel Andrew Woods sold 4,131 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $8.23, for a total transaction of $33,998.13. Following the completion of the sale, the general counsel owned 51,495 shares in the company, valued at $423,803.85. This represents a 7.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PubMatic Stock Performance

Shares of NASDAQ:PUBM opened at $8.44 on Friday. PubMatic, Inc. has a 52 week low of $7.01 and a 52 week high of $17.74. The company’s fifty day moving average is $9.13 and its 200-day moving average is $10.26. The company has a market capitalization of $385.88 million, a PE ratio of -120.55 and a beta of 1.50.

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

Analysts Set New Price Targets

Several brokerages have recently commented on PUBM. JMP Securities reduced their target price on shares of PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Evercore ISI cut their price target on PubMatic from $16.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Royal Bank Of Canada cut their price target on PubMatic from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, B. Riley cut PubMatic from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $9.00 in a report on Tuesday, August 12th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.44.

Institutional Trading of PubMatic

Several institutional investors and hedge funds have recently added to or reduced their stakes in PUBM. Rhumbline Advisers raised its holdings in PubMatic by 2.3% during the 1st quarter. Rhumbline Advisers now owns 60,012 shares of the company’s stock worth $548,000 after purchasing an additional 1,341 shares during the last quarter. US Bancorp DE raised its holdings in PubMatic by 21.3% during the 1st quarter. US Bancorp DE now owns 14,736 shares of the company’s stock worth $135,000 after purchasing an additional 2,591 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in PubMatic by 1.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 141,255 shares of the company’s stock worth $1,757,000 after purchasing an additional 2,654 shares during the last quarter. GAMMA Investing LLC raised its holdings in PubMatic by 23,208.3% during the 1st quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $26,000 after purchasing an additional 2,785 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in PubMatic by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 346,047 shares of the company’s stock worth $4,436,000 after purchasing an additional 3,263 shares during the last quarter. 64.26% of the stock is owned by institutional investors.

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.