PubMatic (NASDAQ:PUBM) Insider Sells $47,983.53 in Stock

PubMatic, Inc. (NASDAQ:PUBM) insider Mukul Kumar sold 5,573 shares of PubMatic stock in a transaction on Thursday, January 1st. The shares were sold at an average price of $8.61, for a total value of $47,983.53. Following the completion of the sale, the insider directly owned 87,341 shares of the company’s stock, valued at $752,006.01. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PubMatic Stock Down 1.8%

Shares of PUBM opened at $8.67 on Thursday. The stock’s fifty day simple moving average is $8.86 and its 200-day simple moving average is $9.52. The firm has a market capitalization of $402.46 million, a PE ratio of -45.63 and a beta of 1.49. PubMatic, Inc. has a 12-month low of $7.01 and a 12-month high of $17.32.

PubMatic (NASDAQ:PUBM) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The firm had revenue of $67.96 million during the quarter, compared to analysts’ expectations of $63.95 million. PubMatic had a negative return on equity of 2.78% and a negative net margin of 2.51%. Analysts anticipate that PubMatic, Inc. will post 0.22 EPS for the current year.

Key Stories Impacting PubMatic

Here are the key news stories impacting PubMatic this week:

• Positive Sentiment: PubMatic launched AgenticOS, an operating system for agent-to-agent programmatic advertising that management says will help automate planning, transacting and optimization across premium digital environments — a product that could broaden the company’s addressable market and support differentiated revenue if adoption follows. PubMatic Launches AgenticOS (DestinationCRM)
• Neutral Sentiment: Trade press and industry coverage of AgenticOS is increasing awareness but does not yet show contracted customers or near-term monetization; useful for sentiment but neutral until adoption or revenue impacts are visible. Agentic AI as marketing infrastructure (MarketingTechNews)
• Negative Sentiment: Multiple insiders disclosed sizable open-market sales in early January — including Chairman Amar K. Goel, General Counsel Andrew Woods, director Mukul Kumar and CFO Steven Pantelick — representing tens of thousands of shares and roughly ~$1M of proceeds across filings. Large, concentrated insider reductions are being read as a negative signal and are likely pressuring sentiment near-term. Amar K. Goel SEC Form 4 (SEC)

Wall Street Analysts Forecast Growth

A number of research firms have commented on PUBM. Evercore ISI lifted their target price on shares of PubMatic from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Wolfe Research restated an “outperform” rating and issued a $14.00 price target on shares of PubMatic in a research report on Monday. Wall Street Zen raised PubMatic from a “sell” rating to a “hold” rating in a research note on Sunday, December 21st. Rosenblatt Securities increased their target price on PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of PubMatic in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PubMatic presently has a consensus rating of “Hold” and an average target price of $12.44.

Institutional Trading of PubMatic

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in PubMatic in the first quarter valued at about $82,000. Graham Capital Management L.P. lifted its holdings in shares of PubMatic by 23.0% during the 1st quarter. Graham Capital Management L.P. now owns 56,931 shares of the company’s stock valued at $520,000 after purchasing an additional 10,636 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of PubMatic by 5,304.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 106,523 shares of the company’s stock valued at $974,000 after purchasing an additional 104,552 shares in the last quarter. Jane Street Group LLC grew its position in shares of PubMatic by 55.7% in the 1st quarter. Jane Street Group LLC now owns 109,423 shares of the company’s stock valued at $1,000,000 after purchasing an additional 39,124 shares during the period. Finally, Acadian Asset Management LLC increased its stake in PubMatic by 483.6% during the 1st quarter. Acadian Asset Management LLC now owns 457,033 shares of the company’s stock worth $4,174,000 after purchasing an additional 378,714 shares in the last quarter. Institutional investors and hedge funds own 64.26% of the company’s stock.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.