PubMatic (NASDAQ:PUBM) CEO Sells $158,053.44 in Stock

PubMatic, Inc. (NASDAQ:PUBM) CEO Rajeev Goel sold 21,592 shares of PubMatic stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $7.32, for a total value of $158,053.44. Following the sale, the chief executive officer owned 20,611 shares of the company’s stock, valued at approximately $150,872.52. This represents a 51.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

PubMatic Stock Down 0.8%

Shares of PUBM stock traded down $0.06 during trading hours on Monday, hitting $7.20. 514,104 shares of the company were exchanged, compared to its average volume of 496,452. The firm has a market cap of $334.22 million, a PE ratio of -37.89 and a beta of 1.58. The firm has a fifty day moving average of $8.54 and a 200 day moving average of $8.92. PubMatic, Inc. has a 1 year low of $7.01 and a 1 year high of $17.32.

PubMatic (NASDAQ:PUBM) last issued its earnings results on Monday, November 10th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $67.96 million for 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 expect that PubMatic, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PUBM shares. Evercore ISI raised their target price on shares of PubMatic from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of PubMatic in a report on Thursday, January 22nd. Wall Street Zen lowered shares of PubMatic from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Rosenblatt Securities raised their price target on shares of PubMatic from $17.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PUBM. Tower Research Capital LLC TRC boosted its position in PubMatic by 264.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,878 shares of the company’s stock worth $61,000 after acquiring an additional 3,541 shares during the period. BNP Paribas Financial Markets raised its stake in PubMatic by 120.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,875 shares of the company’s stock valued at $73,000 after purchasing an additional 4,856 shares during the period. CWM LLC lifted its holdings in shares of 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 in the last quarter. M&T Bank Corp purchased a new stake in shares of PubMatic in the fourth quarter valued at $91,000. Finally, Diversified Trust Co boosted its position in shares of PubMatic by 13.1% in the third quarter. Diversified Trust Co now owns 14,704 shares of the company’s stock worth $122,000 after buying an additional 1,699 shares during the period. 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.