Diversified Investment Strategies LLC Acquires Shares of 80,000 PubMatic, Inc. $PUBM

Diversified Investment Strategies LLC acquired a new stake in PubMatic, Inc. (NASDAQ:PUBM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 80,000 shares of the company’s stock, valued at approximately $995,000. PubMatic accounts for approximately 0.7% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors also recently bought and sold shares of PUBM. GAMMA Investing LLC grew its holdings in PubMatic by 23,208.3% in the first quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $26,000 after purchasing an additional 2,785 shares during the period. Headlands Technologies LLC acquired a new stake in PubMatic in the first quarter valued at approximately $69,000. CWM LLC grew its holdings in PubMatic by 506.1% in the second quarter. CWM LLC now owns 5,964 shares of the company’s stock valued at $74,000 after purchasing an additional 4,980 shares during the period. Quantbot Technologies LP acquired a new stake in PubMatic in the first quarter valued at approximately $78,000. Finally, State of Wyoming acquired a new stake in PubMatic in the first quarter valued at approximately $82,000. 64.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PubMatic news, CFO Steven Pantelick sold 15,186 shares of PubMatic stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $8.38, for a total value of $127,258.68. Following the sale, the chief financial officer owned 27,026 shares in the company, valued at $226,477.88. The trade was a 35.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction on Monday, October 6th. The shares were sold at an average price of $8.45, for a total value of $371,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 355,131 shares of company stock valued at $3,290,348. 26.42% of the stock is currently owned by company insiders.

PubMatic Stock Performance

NASDAQ PUBM opened at $8.24 on Wednesday. The stock’s fifty day moving average is $8.63 and its two-hundred day moving average is $10.19. The firm has a market capitalization of $376.73 million, a P/E ratio of -117.70 and a beta of 1.50. PubMatic, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $17.74.

PubMatic (NASDAQ:PUBM) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.11) earnings per share 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% on a year-over-year basis. During the same period last year, the firm posted $0.04 EPS. PubMatic has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that PubMatic, Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PUBM shares. B. Riley downgraded PubMatic from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $9.00 in a research report on Tuesday, August 12th. JMP Securities decreased their target price on PubMatic from $16.00 to $12.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 target price on shares of PubMatic in a research report on Tuesday, September 9th. Lake Street Capital downgraded PubMatic from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $9.50 in a research report on Tuesday, August 12th. Finally, Evercore ISI decreased their target price on PubMatic from $16.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.44.

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.