Inspire Investing LLC Reduces Stake in PubMatic, Inc. $PUBM

Inspire Investing LLC lowered its position in PubMatic, Inc. (NASDAQ:PUBM) by 17.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 31,015 shares of the company’s stock after selling 6,405 shares during the period. Inspire Investing LLC’s holdings in PubMatic were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Graham Holdings Co boosted its position in PubMatic by 21.4% in the first quarter. Graham Holdings Co now owns 2,831,462 shares of the company’s stock valued at $25,880,000 after buying an additional 500,000 shares during the last quarter. Wellington Management Group LLP boosted its position in PubMatic by 20.0% in the first quarter. Wellington Management Group LLP now owns 1,077,921 shares of the company’s stock valued at $9,852,000 after buying an additional 179,951 shares during the last quarter. Nixon Capital LLC boosted its position in PubMatic by 8.7% in the first quarter. Nixon Capital LLC now owns 628,753 shares of the company’s stock valued at $5,747,000 after buying an additional 50,494 shares during the last quarter. Acadian Asset Management LLC boosted its position in PubMatic by 483.6% in the first quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock valued at $4,174,000 after buying an additional 378,714 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in PubMatic in the first quarter valued at approximately $3,963,000. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Insider Transactions at PubMatic

In related news, CFO Steven Pantelick sold 15,779 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $8.23, for a total value of $129,861.17. Following the completion of the transaction, the chief financial officer directly owned 42,212 shares of the company’s stock, valued at approximately $347,404.76. This represents a 27.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rajeev K. Goel sold 44,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $8.42, for a total value of $370,480.00. The disclosure for this sale can be found here. Insiders sold a total of 355,131 shares of company stock valued at $3,290,348 in the last 90 days. 26.42% of the stock is owned by company insiders.

PubMatic Price Performance

Shares of NASDAQ:PUBM opened at $8.04 on Friday. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.74. The firm has a market capitalization of $367.61 million, a price-to-earnings ratio of -114.84 and a beta of 1.50. The business’s 50 day moving average price is $8.50 and its 200-day moving average price is $10.17.

PubMatic (NASDAQ:PUBM) last announced 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). PubMatic had a negative net margin of 0.58% and a negative return on equity of 0.64%. The business had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $67.77 million. During the same quarter last year, the business earned $0.04 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. PubMatic has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PUBM. Evercore ISI dropped 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. Royal Bank Of Canada lowered their price objective on PubMatic from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. B. Riley lowered PubMatic from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, August 12th. Rosenblatt Securities restated a “buy” rating and issued a $17.00 price objective on shares of PubMatic in a research report on Tuesday, September 9th. Finally, JMP Securities lowered their price objective 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. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, PubMatic presently has an average rating of “Hold” and a consensus 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.